Monetarists and new classical economistsfavor an active role of government in promoting low inflation and economic growth.

Question

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Monetarists and new classical economists advocate for limited government intervention in the economy, instead relying on market forces to drive economic growth and stabilize inflation. They believe that government intervention can often lead to distortions in the market and inefficiencies in the economy.

Monetarists and New Classical Economistsfavor an Active Role of Government