True and False _____ 2. Both monetarists and Keynesians believed in the non-neutrality of money.
_____ 1. Keynesians believed that monetary policy was the optimal tool for fine-tuning the economy.
_____ 3. The aggregate demand curve is equivalent to the output demand curve and factors that shift the aggregate demand curve shift the output demand curve.
_____ 4. The Keynesian sticky wage model predicts that employment, consumption, and investment are procyclical while prices and real wages are countercyclical.
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