The quantity of money theory
Dear OTA: Could you please answer these questions? I am struggling with economics and need to know what all of this means. Thank you.
**Define the Quantity of Money theory and identify whether this is a Keynesian or Classical cornerstone. Describe what happens when, according to this theory, the money supply is increased.
**Discuss whether the Federal Reserve can control both the money supply and interest rates in the United States simultaneously.
**Compare and contrast the concepts of active and passive stabilization.
**Define and distinguish debt and deficits.
**Compare and contrast the economic effects of increasing spending versus reducing taxes.