The growth rate of productivity is a major feature of
A) Keynesian and monetarist economists.
B) monetarist economists.
C) real business cycle economists.
D) why the marginal propensity to consume is less than 1.0.

Question

Quizplus · Accepted Answer

The growth rate of productivity is a major feature of real business cycle economists, who emphasize the importance of technology and productivity in driving economic growth and fluctuations. Keynesian economists focus more on the role of aggregate demand and government intervention in stabilizing the economy, while monetarist economists emphasize the importance of monetary policy and the money supply. The marginal propensity to consume is a concept in Keynesian economics that measures the proportion of an increase in income that is spent on consumption.

The Growth Rate of Productivity Is a Major Feature of