Keynesians and monetarists believe that economic fluctuations are caused
A. by shifts in both the AS and AD curves.
B. largely by shifts in the AD curve.
C. changes in the structural deficit.
D. by fiscal policy.
Answer:B
Keynesians and monetarists believe that economic fluctuations are caused
A. by shifts in both the AS and AD curves. B. largely by shifts in the AD curve. C. changes in the structural deficit. D. by fiscal policy.