Econ module 25

According to Monetarism,

All of the above

Changes in government transfers and taxes has a direct effect on the economy.

False

The Great Moderation refers to the period in the US economy from 2007 to 2009.

False

The _____________refers to a period in the US economy from 1985 to 2007 when there was low inflation and relatively small fluctuations in economic activity.

Great moderation

Classical macroeconomic theory is considered ______________.

Pro-capitalism

Discretionary monetary policy is still considered an area of dispute among the Modern Consensus.

True

Economist David Ricardo contributed to Classical macroeconomics with his Principle of Comparative Advantage.

True

John Maynard Keynes was a strong proponent of fiscal policy to help stabilize the economy.

True

John Maynard Keynes (1883-1946) is associated with ____________.

none of the above

Today, nearly all macroeconomists accept the natural rate hypothesis.

true