Which of the following schools of thought among economists believe that activist stabilization policy is ever desirable?
A)Only new Keynesian
B)Only new Keynesian and new classical
C)Only new Keynesian and real business cycle
D)New Keynesian, new classical, and real business cycle

Question

Quizplus · Accepted Answer

New Keynesian economists support the use of activist stabilization policies, such as monetary and fiscal policy interventions by the government to manage economic cycles, differing from new classical and real business cycle theorists who generally emphasize the effectiveness of markets and typically argue against such interventions.

Which of the Following Schools of Thought Among Economists Believe