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Solved: The figure below shows the behavior of M1 before, during, and after the 2001
Chapter 0, Problem 1(choose chapter or problem)
QUESTION:
The figure below shows the behavior of M1 before, during, and after the 2001 recession. What would a classical economist have said about the Fed’s policy?
Questions & Answers
QUESTION:
The figure below shows the behavior of M1 before, during, and after the 2001 recession. What would a classical economist have said about the Fed’s policy?
ANSWER:Step 1 of 2
Classical economists are the ones who promote a free market economy, where the economy operates without the intervention of the government.