Which school of thought believes that fiscal policy should have the central role in fighting recessions? I. classical macroeconomics
II) Keynesian macroeconomics
III) monetarism
A) I only
B) II only
C) III only
D) I, II, and III

Question

Quizplus · Accepted Answer

Keynesian macroeconomics believes that fiscal policy should have the central role in fighting recessions, while classical macroeconomics and monetarism both emphasize the importance of monetary policy.

Which School of Thought Believes That Fiscal Policy Should Have