Which economic perspective typically views the market system as less than fully competitive, and therefore subject to macroeconomic instability?
A) monetarism
B) mainstream economics
C) real-business-cycle theory
D) rational expectations theory

Question

Quizplus · Accepted Answer

Mainstream economics typically views the market system as less than fully competitive, and therefore subject to macroeconomic instability. Monetarism, real-business-cycle theory, and rational expectations theory may acknowledge imperfections in the market, but they do not necessarily view it as inherently unstable.

Which Economic Perspective Typically Views the Market System as Less