Keynesians and monetarists disagree on almost all issues related to money and its role. Their extreme positions can be summed up like this- the Keynesians hold the view that ‘money does not matter’ as an effective means of demand management; the monetarists, on the contrary, maintain that ‘only money matters’ as an effective means of […]
Keynesianism versus Monetarism: How Changes in Money Supply Affect the Economic Activity
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