Keynesian economists (as opposed to monetarist economists)argue that

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Keynesian economists argue that the economy is not self-correcting and can experience prolonged periods of unemployment and low economic growth. Therefore, they advocate for government intervention through fiscal policy (like government spending and taxation) and monetary policy (like adjusting interest rates) to stabilize the economy and keep it from deviating too far from full employment equilibrium. Monetarist economists, on the other hand, prioritize using monetary policy to control inflation and advocate for a more hands-off approach to government intervention in the economy.

Keynesian Economists (As Opposed to Monetarist Economists)argue That