The Main Result of the Monetarist Model Is That

question 212

Multiple Choice

The main result of the monetarist model is that

• A)workers and firms have rational expectations.
• B)the quantity of money should be increased at a constant rate.
• C)productivity shocks explain fluctuations in real GDP.
• D)the economy is slow to adjust to sticky wages and prices.

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Definitions:

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An outer garment for the upper body, typically having sleeves and a fastening down the front.

Appeal to Ignorance

A fallacy that occurs when a lack of evidence is presented as evidence of the truth or falsehood of a claim.

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The largest planet in our solar system, known for its prominent Great Red Spot.