Wage-price controls are most likely to be advocated by supply-side economists.

Question

Quizplus · Accepted Answer

Wage-price controls are a demand-side policy tool aimed at regulating inflation, and are therefore more likely to be advocated by Keynesian economists who emphasize the role of government intervention in the economy. Supply-side economists, on the other hand, focus on policies that promote economic growth through reducing barriers to production and investment, such as tax cuts and deregulation.

Wage-Price Controls Are Most Likely to Be Advocated by Supply-Side