Monetarists Believe That Changes in Monetary Policy Would Have

question 70

Multiple Choice

Monetarists believe that changes in monetary policy would have:

• A)only short-term effect on the price level.
• B)only short-term effect on real GDP.
• C)only long-term effect on real GDP.
• D)no effect on price level and real GDP.
• E)both short-term and long term effect on real GDP.

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