Monetarists Argue That Fiscal Policy Is Ineffective Because

question 18

Multiple Choice

Monetarists argue that fiscal policy is ineffective because:

• A) the velocity of money is predictable.
• B) the crowding-out effect reduces investment.
• C) prices and wages are sticky in the short run.
• D) it causes the value of the dollar to depreciate.

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Definitions:

Caterpillar ET

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Gearbox Module

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