The dominant school of economic thought until midway through the Great Depression of the 1930s was:
A) classical.
B) Keynesian.
C) monetarism.
D) supply-side.
E) rational expectations.
Correct Answer:
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Q1: Classical economic theory predicted that in the
Q5: The hands-off view of the classical school
Q6: Which of the following statements is true
Q7: According to the classical economists, which of
Q8: The French economist Jean-Baptiste Say transformed the
Q11: According to Say's law, there cannot be
Q12: Prior to the Great Depression, classical economists
Q12: The Keynesian view stresses that:
A)demand creates its
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Q14: The most appropriate countercyclical policy, or stabilization
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