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Home Q & A Board Other Fields Homework Help Business Economics
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johnpaul92 johnpaul92
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8 years ago
Friedman and Schwarz argue that money is not neutral because
A) they found several historical incidents in which changes in the money supply were not responses to macroeconomic conditions, and output moved in the same direction as money.
B) theoretical models of the economy don't show monetary neutrality.
C) money is a leading, procyclical variable.
D) they found no evidence that productivity changes or changes in government spending contributed to business cycles; only monetary changes preceded every recession.
Textbook 
Macroeconomics

Macroeconomics


Edition: 8th
Authors:
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supamansupaman
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8 years ago
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johnpaul92 Author
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#2
8 years ago
Wow, you answered what I thought was impossible to answer, thank you!
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#3
8 years ago
Every little bit helps, right? Glad I solved your question
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