The experience of the United States and other industrialized countries

The experience of the United States and other industrialized countries in the 1930s contradicts the classical view of the labor market where the money wage adjusts quickly to maintain full employment. On this issue

a. the Keynesians agree but the monetarists disagree.
b. the monetarists agree but the Keynesians do not agree.
c. both the Keynesians and monetarists are in agreement.
d. neither the Keynesians nor the monetarists agree.

ANSWER

C