____________ economists believe that active help from fiscal and monetary policy is needed to insure that the economy is operating at full employment.
A) Classical
B) Monetarist
C) All
D) Keynesian

Question

Quizplus · Accepted Answer

Classical and Monetarist economists believe in laissez-faire policies and minimal government intervention in the economy. On the other hand, Keynesian economists argue that government intervention is needed to achieve full employment, stabilize the economy, and prevent recession. Therefore, only Keynesian economists believe that active help from fiscal and monetary policy is necessary to ensure full employment.

____________ Economists Believe That Active Help from Fiscal and Monetary