Keynesians

A) believe capitalism is inherently stable.
B) believe the markets in a capitalistic economy are highly competitive.
C) argue against the use of discretionary monetary policy.
D) contend that government intervention in the economy is desirable.

Discretionary Monetary Policy

Monetary policy actions that are based on the judgment of policymakers rather than set by predetermined rules, allowing flexibility in response to economic conditions.

Capitalistic Economy

An economic system where trade, industry, and the means of production are largely or entirely privately owned and operated for profit.

Government Intervention

Refers to actions taken by a government to affect the economy or society, which can include regulations, subsidies, taxes, and other policies designed to influence economic activities.