Which of the following statements is (are) correct? a. Both the monet
Which of the following statements is (are) correct?
a. Both the monetarists and classicists agree that output is completely supply determined, even in the short run
b. The monetarists do not agree with the classical position that monetary policy cannot be used to influence output.
c. According to both the monetarists and the classicists, output is determined by demand side factors in the short run
d. None of the above
ANSWER
B
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