m25
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
