Keynesian vs Monetarist


keyns believe that tax, wages and resources prices are all downward sticky monetarits use a constant rate in the growth of the money supply. and that large decreases are increases cause flucuations from LRAS. (GDP)

KJH Wrote: ------------------------------------------------------- > ? keneysians believe govts should intervene with taxes, etc

taxes and some monetary. Monetarists, only money supply.