Which statement is true? O Austrians believe that financial markets are always efficient and that no central bank intervention will caus a distortion (S=1). O Monetarists, Real Business Cycle Theorists, and Austrian Business Cycle Theorists all believe that business cycles are a result of bad monetary policy. O Monetarists believe that financial markets are efficient (S=1), whereas Keynesians belie financial markets are prone to failure (S 1). O Monetarists believe that financial markets are prone to failure (S#1), whereas Keynesians believe financial markets are efficient (S=1).

ENGR.ECONOMIC ANALYSIS
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Chapter1: Making Economics Decisions
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Which statement is true?
O Austrians believe that financial markets are always efficient and that no central bank intervention will cause
a distortion (S=1).
O Monetarists, Real Business Cycle Theorists, and Austrian Business Cycle Theorists all believe that business
cycles are a result.of bad monetary policy.
O Monetarists believe that financial markets are efficient (S=1), whereas Keynesians belie financial markets
are prone to failure (S 1).
O Monetarists believe that financial markets are prone to failure (S#l), whereas Keynesians believe fınancial
markets are efficient (S=1).
Transcribed Image Text:Which statement is true? O Austrians believe that financial markets are always efficient and that no central bank intervention will cause a distortion (S=1). O Monetarists, Real Business Cycle Theorists, and Austrian Business Cycle Theorists all believe that business cycles are a result.of bad monetary policy. O Monetarists believe that financial markets are efficient (S=1), whereas Keynesians belie financial markets are prone to failure (S 1). O Monetarists believe that financial markets are prone to failure (S#l), whereas Keynesians believe fınancial markets are efficient (S=1).
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