The laissez faire view of government involvement in the economy is most consistent with the
A)Classical theory.
B)Keynesian theory.
C)Monetary theory.
D)Supply-side theory.

Question

Quizplus · Accepted Answer

Classical theory advocates for minimal government intervention in the economy and is closely associated with laissez faire policies. Keynesian theory, on the other hand, emphasizes government intervention to stabilize the economy. Monetary theory focuses on the role of monetary policy in controlling inflation and maintaining economic stability. Supply-side theory emphasizes the importance of reducing taxes and regulations to stimulate economic growth.

The Laissez Faire View of Government Involvement in the Economy