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According to Monetarism,

All of the Above

Which of the following economists are associated with Classical macroeconomics?

B. & D only ( Adam Smith and David Ricardo)

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

F

Economist Milton Friedman is associated with Keynesian Macroeconomics.

F

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

F

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

T

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

T

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

T

Nearly all macroeconomists believe that the government should not seek to balance the budget.

T

Today, nearly all macroeconomists accept the natural rate hypothesis.

T


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