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Author Question: The Keynesian view implies that there is a role for monetary and fiscal policy in stabilizing the ... (Read 59 times)

Charlie

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The Keynesian view implies that there is a role for monetary and fiscal policy in stabilizing the economy in response to aggregate shocks because
◦ money is neutral.
◦ these policies are highly effective in raising total factor productivity.
◦ comovement of aggregate variables does not generally happen during the business cycle.
◦ prices and wages are slow to clear markets.
◦ business cycles have many causes.


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Marked as best answer by Charlie on Jan 2, 2020

dlook33

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Charlie

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Reply 2 on: Jan 2, 2020
YES! Correct, THANKS for helping me on my review


Animal_Goddess

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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