The Monetarist-Keynesian Debate on the Importance of Monetary Policy Is

question 7

Multiple Choice

The monetarist-Keynesian debate on the importance of monetary policy is unresolved because monetarists and Keynesians focus on two different types of evidence that generate conflicting conclusions. Monetarists tend to focus on

• A)structural-model evidence,while Keynesians focus on reduced-form evidence.
• B)reduced-form evidence,while Keynesians focus on structural-model evidence.
• C)reduced-form evidence,while Keynesians focus on direct-model evidence.
• D)structural-model evidence,while Keynesians focus on direct-model evidence.