Author Question: Monetarists argue that the Treasury's conduct of fiscal policy is the most important factor ... (Read 21 times)

haleyc112 · **on:** Jun 30, 2018

Monetarists argue that the Treasury's conduct of fiscal policy is the most important factor affecting real GDP and interest rates.
a. True
b. False
Indicate whether the statement is true or false

Question 2

When actual real GDP output is below full-employment real GDP, the GDP measures the cost of cyclical unemployment.
a. True
b. False
Indicate whether the statement is true or false