true false Question 4According to Monetarists, the price level is likely to remain stable over time if the money supplygrows at the same rate as nominal GDP.TrueO FalseQuestion 5Monetarists argue that the federal government should be required to balance the budget annuallybecause built-in stabilizers are an ineffective tool for stabilizing the economy.TrueO FalseQuestion 6In the 1920's and 1930's, Austrian thinkers argued that efficient allocation of resources could not becarried out without market prices to guide resources.MacBook Air

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According to Monetarists, the price level is likely to remain stable over time if the money supply grows at the same rate as nominal GDP. True O False

Principles of Macroeconomics (MindTap Course List)

8th Edition

ISBN:9781305971509

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter21: The Influence Of Monetary And Fiscal Policy On Aggregate Demand

Section: Chapter Questions

Problem 5CQQ

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