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