Which school of thought believes that recessions are the result of inappropriate monetary policy?
A) only classical
B) only Keynesian
C) Monetarist
D) both Keynesian and classical

Question

Quizplus · Accepted Answer

Monetarists, particularly associated with Milton Friedman, argue that inappropriate monetary policy, specifically the improper management of the money supply by the central bank, is a primary cause of recessions. They emphasize the role of government's control over the money supply and how its mismanagement can lead to economic fluctuations.

Which School of Thought Believes That Recessions Are the Result