Use the drop down menus to identify whether a given statement is consistent with

Question

Use the drop down menus to identify whether a given statement is consistent with classical, monetarists, Keynesian macroeconomic viewpoints.Statement Viewpoint The attention of economists should be on the short-run effects of changes in aggregate demand on aggregate output rather than the long-run determination of the aggregate price level. Crowding out greatly reduces the impact of fiscal policy on aggregate demand. Prices are flexible and the aggregate supply curve vertical in the short run. The Great Depression would have been less severe if economic policy had been more expansionary.

Explanation / Answer

MONETARIST AND KEYNESIAN
MONETARISTS
CLASSICAL
KEYNESIAN

Related Questions

Navigate

• Browse (All)
• Browse U
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.