Since the 1980s,
A)monetarism reached its peak.
B)the influence of the monetarists and Keynesians both eroded.
C)monetarism re-established itself with a stable money/income relationship.
D)monetarism declined in influence as Keyesian thought overtook it in influence.

Question

Quizplus · Accepted Answer

Beginning in the 1980s, the influence of both monetarists and Keynesians began to erode as new economic theories emerged. This period saw the rise of supply-side economics, which emphasized reducing government regulation and taxation to stimulate economic growth, and the development of new classical economics, which challenged many traditional assumptions about macroeconomic policy. Therefore, neither monetarism nor Keynesianism re-established themselves as dominant economic theories during this period.