Which of the Following Would Be Most Likely to Suggest

question 137

Multiple Choice

Which of the following would be most likely to suggest reducing the money supply as a way to end a prolonged inflation?

• A)Monetarist
• B)Keynesian
• C)Economic behaviorists
• D)Classical economist
• E)Supply-sider

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Definitions:

Money Growth Rate

The rate at which the total amount of money in an economy grows over a specific period, often considered a factor influencing inflation.

Nominal Wage

The wage paid to workers measured in current money terms, without adjustment for inflation.

Real Output

The total value of all goods and services produced in an economy, adjusted for price changes or inflation.

Relative-price Variability

The fluctuation in prices of goods and services relative to each other over time, often influenced by various economic factors.