The dominant school of economic thought until midway through the Great Depression of the 1930s was:
A) classical.
B) Keynesian.
C) monetarism.
D) supply-side.

Question

Quizplus · Accepted Answer

The dominant school of economic thought until midway through the Great Depression of the 1930s was classical economics, which emphasized laissez-faire policies and the idea that markets would naturally self-regulate. Keynesian economics, monetarism, and supply-side economics emerged as alternatives or modifications to classical economics in response to economic challenges and changing circumstances.

The Dominant School of Economic Thought Until Midway Through the Great