When Comparing the Keynesian and Monetarist Approaches, the Only Substantive

question 19

Multiple Choice

When comparing the Keynesian and monetarist approaches, the only substantive difference is that

• A)the Keynesian equation leads to a prediction of real GDP; the monetarist equation leads to a prediction of nominal GDP.
• B)Keynesians concentrate on aggregate demand and monetarists concentrate on aggregate supply.
• C)Keynesians approach aggregate demand by multiplying the money supply by velocity, while monetarists use the equilibrium conditions of the expenditure schedule.
• D)Keynesian analysis suggests that money affects consumption first while monetarist analysis suggests that money affects investment spending first.

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