In Response to the Early Keynesians,monetarists Contended That

question 55

Multiple Choice

In response to the early Keynesians,monetarists contended that

• A)monetary policy during the Great Depression was not easy.
• B)bank failures during the Great Depression were not the cause of the decline in the money supply.
• C)evidence from the Great Depression demonstrated the ineffectiveness of monetary policy.
• D)there is a weak link between interest rates and investment spending.

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Definitions:

Conditional Statement

A statement in logic that asserts that if one thing is true, then another thing will follow as a consequence.

Antecedent Statement

A proposition or assertion that precedes another in logic, often serving as a premise in an argument.

Logic of Statements

The study of the principles and criteria for evaluating deductive arguments and the validity of statements.

Equivalent

Equal in value, measure, force, effect, or significance.