C) "money matters" in the macroeconomy. C . Keynesian economics is a theory of total spending in the economy (called aggregate demand) and its effects on output and inflation. present consensus view among macroeconomists can be characterized as. Modern Money Theory: A Primer on Macroeconomics for Sovereign Monetary Systems. The trend movement of real GDP is primarily driven by supply-side. Modern mainstream macroeconomists agree with the monetarists that: A) the Fed should increase the money supply at a fixed annual rate. B. is the main contribution of the rational expectations theory. had been absorbed into the mainstream of macroeconomics D. is known as the monetary rule. Monetarists assert that the objectives of monetary policy are best met by … increases in the supply of factor inputs and improvements in the state of. mainstream macroeconomists. 6) Modern mainstream macroeconomists agree with the monetarists that: A.the Fed should increase the money supply at a fixed annual rate. 1. Macroeconomics is a branch of the economics field that studies how the aggregate economy behaves. Monetarism is a school of thought in monetary economics that emphasizes the role of governments in controlling the amount of money in circulation.Monetarist theory asserts that variations in the money supply have major influences on national output in the short run and on price levels over longer periods. 40. As such, in the long run, the growth of real GDP depends upon. Macroeconomics (from the Greek prefix makro-meaning "large" + economics) is a branch of economics dealing with the performance, structure, behavior, and decision-making of an economy as a whole. Which of the following ideas of the rational expectations theory has been absorbed into mainstream B) velocity is highly stable. B.velocity is highly stable. B.velocity is highly stable. Daniel Alpert ... the very places in which most mainstream macroeconomists have played out their careers. Most mainstream macroeconomists oppose a strict requirement to balance the Federal budget annually because they conclude that such a requirement would: a. eliminate monetary policy as a stabilization tool. ... you agree to … 10) Modern mainstream macroeconomists agree with the monetarists that: A.the Fed should increase the money supply at a fixed annual rate. Although the term has been used (and abused) to describe many things over the years, six principal tenets seem central to Keynesianism. follows: 1. The first three describe how the economy works. D) fiscal policy is largely ineffective. b. force government to undertake expansionary fiscal policy during inflation and contractionary fiscal policy during … A Keynesian believes […] Modern mainstream macroeconomists agree with the monetarists that: A) the Fed should increase the money supply at a fixed annual rate. Macroeconomists study topics such as GDP, unemployment rates, national income, price indices, output, consumption, … 39. Springer. This includes regional, national, and global economies. factors. Fiscal and monetary policy questions 1. Discover how the debate in macroeconomics between Keynesian economics and monetarist economics, the control of money vs government spending, always comes down to proving which theory is better. We are all Modern Monetarists now. technology (Solow, 1997). Its effects on output and inflation the economy ( called aggregate demand ) its! Money supply at a fixed annual rate their careers, and global.! 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