Contemporary economists who hold that government intervention through macroeconomic policy is not advisable would likely belong to the:
A) Marxian school.
B) Keynesian school.
C) new classical school.
D) new Keynesian school.

Question

Quizplus · Accepted Answer

Contemporary economists who argue against government intervention through macroeconomic policy typically align with the new classical school. This school emphasizes the importance of free markets and suggests that economic adjustments occur naturally without the need for government interference, contrasting with Keynesian perspectives that often advocate for active policy measures to manage economic cycles.

Contemporary Economists Who Hold That Government Intervention Through Macroeconomic Policy