The theory that dominated macroeconomic thinking in the 1960s was
A) monetarism.
B) classical economics.
C) Keynesian economics.
D) rational expectations theory.

Question

Quizplus · Accepted Answer

The theory that dominated macroeconomic thinking in the 1960s was Keynesian economics, which emphasized the role of government intervention in stabilizing the economy through fiscal and monetary policies. Monetarism gained prominence in the 1970s, while classical economics and rational expectations theory are not typically associated with the 1960s period.

The Theory That Dominated Macroeconomic Thinking in the 1960s Was