True or false.
A. According to Austrian Business Cycle Theory, recessions should be combated with expansionary monetary policy, but not with deficit spending on the part of the federal government.
B. According to the New Classical view, recessions typically begin with an inadequate supply of money, or an outright reduction in the supply of money.
C. According to the Austrian Business Cycle view, recessions typically begin with an inadequate supply of money, or an outright reduction in the supply of money.
D. According to the New Keynesian view, monetary policy is effective at boosting aggregate demand in times of recession because prices and wages are sticky.
E. According to the Monetarist view, recessions typically begin with an inadequate supply of money, or an outright reduction in the supply of money.
F. According to Real Business Cycle Theory, recessions are the inevitable consequence of an expansion of credit leading to malinvestments that eventually go bust.
G. According to Monetarists, recessions should be combated with expansionary monetary policy, but not with deficit spending on the part of the federal government.
Please answer all A-G.
True or false.
A. According to Austrian Business Cycle Theory, recessions should be combated with expansionary monetary policy, but not with deficit spending on the part of the federal government.
B. According to the New Classical view, recessions typically begin with an inadequate supply of money, or an outright reduction in the supply of money.
C. According to the Austrian Business Cycle view, recessions typically begin with an inadequate supply of money, or an outright reduction in the supply of money.
D. According to the New Keynesian view, monetary policy is effective at boosting aggregate demand in times of recession because prices and wages are sticky.
E. According to the Monetarist view, recessions typically begin with an inadequate supply of money, or an outright reduction in the supply of money.
F. According to Real Business Cycle Theory, recessions are the inevitable consequence of an expansion of credit leading to malinvestments that eventually go bust.
G. According to Monetarists, recessions should be combated with expansionary monetary policy, but not with deficit spending on the part of the federal government.
Please answer all A-G.
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