Monetarists Maintain That

question 125

Multiple Choice

Monetarists maintain that

• A)the best way to study the economy is with the expenditure schedule.
• B)control over the money supply implies control over real GDP.
• C)velocity is not constant, but is fairly predictable.
• D)All of the above are correct.

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Definitions:

Social Comparison Theory

The idea that individuals compare themselves with others in order to assess their abilities and opinions.

Leon Festinger

Leon Festinger was a prominent psychologist best known for developing the theory of cognitive dissonance, which explores the tension that arises from holding conflicting beliefs or attitudes.

Albert Bandura

A psychologist known for his work on social cognitive theory and the concept of self-efficacy.

Martin Seligman

An American psychologist known for his work on the theory of learned helplessness and his contributions to positive psychology, focusing on character strengths and well-being.