Asked by Ruthny Bonnet on May 06, 2024
Verified
Monetarists are of the opinion that the private economy is inherently
A) unstable and the public sector should be small in scope.
B) unstable and the public sector should be large in scope.
C) stable,but that the public sector should be large in scope.
D) stable and that the government sector should be small in scope.
Monetarists
Economists of the view that changes in the money supply are major determinants of short-term national production and long-term price stability.
Private Economy
A section of the economy that is owned and operated by private individuals and companies rather than the government.
Public Sector
Pertains to the part of the economy composed of both public services and public enterprises, owned and operated by the government.
- Comprehend the differences between Keynesian and monetarist views on economic stability and policy interventions.
Verified Answer
Learning Objectives
- Comprehend the differences between Keynesian and monetarist views on economic stability and policy interventions.
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