In the Debate Between the Monetarists and the Keynesians Over

question 35

Multiple Choice

In the debate between the monetarists and the Keynesians over how best to achieve economic stability,Keynesians have tended to emphasize the role of

• A) aggregate supply shifts.
• B) economic dualism.
• C) random events.
• D) the federal budget.
• E) the money supply.

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Definitions:

Commodities

Basic goods used in commerce that are interchangeable with other goods of the same type, often used as inputs in the production of other goods or services.

Prices

The monetary value assigned to goods or services, representing the amount a buyer pays to a seller in a market transaction.

Income

The income earned, usually periodically, from labor or investment returns.

Prices

The sum of money anticipated, needed, or provided as payment for an item.