This preview shows page 1. Sign up to view the full content.
Unformatted text preview: use historical experience to adjust
behavior ahead of government policy
Changes in government policy unlikely to
achieve desired effects
achieve D. Integrating Monetary Theories
1. 2. Congress appears trapped in Keynesian policy
Federal Reserve appears to be attempting to
minimize effects of government policy
minimize Dr. David P. Echevarria All Rights Reserved 4 RELATIONSHIP OF MONEY
SUPPLY AND ECONOMY
A. Decline in real growth...
View Full Document