Monetarists Believe That

question 62

Multiple Choice

Monetarists believe that:

• A)the government should follow a fixed rule to change money supply in response to business cycles.
• B)the government should not use discretionary monetary policy to achieve its goals of economic growth and low inflation.
• C)government intervention should be well thought out and should be used only during recessions.
• D)government intervention in the economy makes business cycles disappear.
• E)government intervention policies have only long-run effects.

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Definitions:

Psychological Functioning

The composite of mental operations and behaviors that include cognitive processes, emotional responses, and social behavior.

Underlying Motives

Fundamental reasons or driving forces behind individuals' behaviors and actions, often subconscious.

Humanistic Therapies

A group of psychotherapies that emphasize personal growth and self-actualization, focusing on the individual’s experience and the potential for self-healing.

Personal Growth

The process of improving self-awareness, developing talents, enhancing quality of life, and contributing to the realization of dreams and aspirations.