Asked by
Raelynn St CLair
on Oct 12, 2024
Verified
Which school is the most opposed to government countercyclical intervention?
A) The Keynesians
B) The monetarists
C) The supply-siders
D) The new classical economists
Countercyclical Intervention
Economic policies or actions taken to counteract the negative effects of economic downturns.
New Classical Economists
A group of economists who believe in the rational expectations theory, advocating that markets generally operate efficiently and that policy interventions often lead to unintended consequences.
- Discern the contrasting viewpoints on fiscal and monetary policies held by supply-side economists and economists from other schools of thought.
- Analyze the theoretical foundations and policy recommendations of Keynesian, monetarist, and new classical economists.
Verified Answer
MC
Learning Objectives
- Discern the contrasting viewpoints on fiscal and monetary policies held by supply-side economists and economists from other schools of thought.
- Analyze the theoretical foundations and policy recommendations of Keynesian, monetarist, and new classical economists.
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