Author Question: Which of the following is an important issue in the Keynesian-Monetarist debate? a. The relative ... (Read 46 times)

daltonest1984 · **on:** Jun 30, 2018

Which of the following is an important issue in the Keynesian-Monetarist debate?
a. The relative importance of monetary and fiscal policy.
b. The nature of the transmission mechanism through which a change in the money supply affects the economy.
c. The shape of the investment-demand curve.
d. All of these.

Question 2

Which of the following statements is true?
a. The four phases of the business cycle, in order, are: peak, recovery, trough, recession.
b. When unemployment is rising then real GDP is rising.
c. The economic problem typically associated with a recovery is rising unemployment.
d. Full employment exists in an economy when the unemployment rate equals the sum of frictional, and structural unemployment rates.