Economics A-Level
Monetarist economic theory
What Monetarist economic theory means in Economics A-Level, as defined for AQA.
Definition of Monetarist economic theory
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Reference: AQA
The argument that the inflation-unemployment trade-off only exists in the short run, with the economy returning to the NAIRU in the long run.
Topics that use Monetarist economic theory
Related terms
- Cyclical unemployment
- Demand-side policies
- Economic growth
- Economic harmony
- Inflation expectations
- Inflationary pressures
- Labour market dynamics
- Long-run aggregate supply
Using Monetarist economic theory in the exam
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