On which of the following policies do Keynesians and monetarists agree?

A. Fiscal policy is most effective in a very open economy.

B. Monetary policy is less effective in a very open economy.

C. Fiscal policy works directly through spending.

D. Monetary policy works indirectly through spending.

Keynesians agree on the C. Fiscal policy works directly through spending. as it emphasizes the demand-side effect on economy and it generally explains the situation of recession when households demand lower products and services that can be corrected by increase the government spending.

Monetarists agree to the B. Monetary policy is less effective in a very open economy. as it emphasizes the money supply in the market and that can changed or adjusted through open market operation by the central bank.