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MMLU-Pro / 7017 / After the initial rejection of monetary policy by Keynesians, why did they…

Problem

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question

After the initial rejection of monetary policy by Keynesians, why did they change their minds and include both monetary and fiscal policy as policy options?

category

economics

options

  1. The rise of monetarism and its influence on Keynesian economists
  2. Unavailability of empirical research on monetary policy
  3. Stagnation in technological advancements affecting economic growth
  4. The discovery of a new economic theory that replaced Keynesian economics
  5. Recognition of fiscal policy's ineffectiveness in times of high inflation
  6. Lack of changes in the money supply
  7. Increased government regulation in financial markets
  8. Failure of predictions based on fiscal policy and empirical research on effects of changes in money supply
  9. Success of fiscal policy in controlling inflation
  10. The impact of international trade on domestic monetary policy

src

stemez-Economics

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Source and history

Official source

initial import