Page(s) 303–306
Appendix: Schools of thought in macroeconomics
Match each term with the phrase that best describes it.
Market focus of the Keynesian school
Correct label:
Demand side
The result of printing new money according to the Keynesian school
Correct label:
Short-run demand stimulation
Pace with which the Keynesian school believes markets adjust
Correct label:
Slowly
Market focus of the Classical school
Correct label:
Supply side
The result of printing new money according to the Classical school
Correct label:
Inflation
Pace with which the Classical school believes markets adjust
Correct label:
Quickly