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.