The two most comprehensive,widely accepted macroeconomic models are
A)the classical model and the supply-side model.
B)the supply-side model and the real business cycle model.
C)the classical model and the Keynesian model.
D)the Austrian model and the Keynesian model.

Question

Quizplus · Accepted Answer

The two most comprehensive, widely accepted macroeconomic models are the classical model and the Keynesian model. The classical model emphasizes the importance of supply and emphasizes the role of markets in coordinating economic activity. The Keynesian model emphasizes the role of demand and the potential for market failures, including unemployment and inflation. These two models have been widely used and debated in the field of macroeconomics.

The Two Most Comprehensive,widely Accepted Macroeconomic Models Are