Both new classical economists and monetarists disagree with Keynesians about the optimal degree of involvement of the government in determining the equilibrium level of real GDP.

Question

Quizplus · Accepted Answer

New classical economists and monetarists believe in the efficacy of the market and argue that the government intervention can have unintended consequences and lead to inefficiencies in the long run, while Keynesians believe that government intervention can stabilize the economy and ensure full employment.

Both New Classical Economists and Monetarists Disagree with Keynesians About