Which of the following macroeconomic schools of thought has dominated the economics profession from the 1940s through the 1960s?
A) New classical economics
B) Classical economics
C) Keynesian economics
D) Rational economics
E) Positive economics

Question

Quizplus · Accepted Answer

Keynesian economics dominated the economics profession from the 1940s through the 1960s, particularly in the post-World War II era. This school of thought was developed by British economist John Maynard Keynes and emphasized the role of government intervention in stabilizing the economy during times of recession or inflation.

Which of the Following Macroeconomic Schools of Thought Has Dominated