Author Question: Which of the following schools of thought emphasize the role of money supply in determining ... (Read 42 times)

RRMR · **on:** Jun 30, 2018

Which of the following schools of thought emphasize the role of money supply in determining equilibrium real GDP and price level?
a. Traditional Keynesian economics
b. New Keynesian economics
c. New classical economics
d. Classical economics
e. Monetarist economics

Question 2

A war on drugs is waged, and, as a result, a larger quantity of drugs flowing into the United States is seized and more drug traffickers are arrested. If demand for drugs is inelastic, one would expect the total expenditure on drugs to:
a. decrease.
b. increase.
c. stay constant.
d. There is not enough information available to make a determination.