Monetarists tend to promote the use of monetary policy for controlling the business cycle. What do Keynesians normally promote instead?

Question

Quizplus · Accepted Answer

Keynesians promote the use of fiscal policy, which involves government spending and taxation, to control the business cycle. They argue that monetary policy alone is not sufficient to stabilize the economy, as it can have unpredictable effects on the real economy. Fiscal policy, on the other hand, can provide targeted stimulus to different sectors of the economy and can be adjusted more easily to respond to changing economic conditions.

Monetarists Tend to Promote the Use of Monetary Policy for Controlling