Which of the following groups of economists perceive the economy as essentially stable and self-correcting?
A) Keynesians, monetarists, and classical economists
B) Classical economists, monetarists, and new classical economists.
C) Monetarists, classical economists, and socialists
D) Classical economists, Keynesians, monetarists, and new classical economists.

Question

Quizplus · Accepted Answer

Classical economists, monetarists, and new classical economists all believe in the self-correcting nature of the economy through market forces, with the latter two groups placing emphasis on the importance of monetary policy. Keynesians, on the other hand, argue that government intervention is necessary to stabilize the economy during times of economic downturns. Socialists also do not fall under this category as they advocate for collective ownership and control of the means of production rather than a market-based economy.

Which of the Following Groups of Economists Perceive the Economy