If the economy were left on its own without the interference of government or the Fed, it would move toward an equilibrium rate of growth that would produce, with only minor interruptions, full employment without inflation. What school supports this view?
A) Classical.
B) Keynesian.
C) Monetarism.
D) Supply-side.
Correct Answer:
Verified
Q1: Classical economic theory predicted that in the
Q3: If the economy is experiencing less than
Q4: The school of thought that emphasizes the
Q5: According to John Maynard Keynes:
A) aggregate expenditures
Q6: Classical economists believed that:
A) price flexibility automatically
Q8: The French economist Jean-Baptiste Say transformed the
Q9: Keynes once remarked that, in the long
Q11: According to Say's law, there cannot be
Q38: The consumption function shows the relationship between
A)
Q105: John Maynard Keynes and his followers argued
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