Author Question: In the 1960s, the monetarist school of thought held that A) monetary and fiscal policy could ... (Read 59 times)

anjilletteb · **on:** Jun 30, 2018

In the 1960s, the monetarist school of thought held that

A) monetary and fiscal policy could explain most of the output fluctuations in U.S. history.
B) there is a long-run tradeoff between inflation and unemployment.
C) efforts to fine-tune the economy are likely to do more harm than good.
D) all of the above
E) none of the above

Question 2

The intellectual leader of the monetarists was

A) Robert Lucas.
B) Milton Friedman.
C) John Maynard Keynes.
D) Paul Romer.
E) John Taylor.