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Monetarism and rational expectations theory

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Reference no: EM133311867

How would the Keynesian, Monetarism & Rational Expectations Theory school of thought respond to the following:

1. output determined by: a. supply or b. demand

2. self-correction of economy: a. yes or b. no

3. prices: a. sticky or b. non-sticky

4. role of government: a. active or b. non-active

5. fiscal policy: a. effective or b. ineffective

6. monetary policy: a. discretionary or b. rules (based)

Reference no: EM133311867

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