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Game of Theories: The Monetarists
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Knowledge Check
Question 1 of 4
On which of the following do monetarists and Keynesians disagree?
Deflation causes unemployment.
Wages are sticky.
High inflation leads to misallocation of resources.
In the short run, an increase in the money supply boosts economic output.
c and d only.
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Principles of Macroeconomics
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