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Because shifts in aggregate demand are not viewed as being particularly important to aggregate output fluctuations,they do not see much need for activist policy to eliminate high unemployment. "They" refers to proponents of
Q8: Arguments for adopting a policy rule include<br>A)the
Q36: A restriction on bank activities that was
Q37: Every financial market has the following characteristic.<br>A)It
Q42: In the Keynesian model the quantity of
Q43: A credit market instrument that requires the
Q46: According to Keynes's theory of liquidity preference,velocity
Q51: To say that inflation is a monetary
Q61: In the simple Keynesian model,equilibrium aggregate output
Q67: According to the quantity theory of money
Q95: In the long-run ISLM model and with