_______ economics is most closely associated with fighting recessions and depressions.

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Keynesian economics emphasizes the importance of government intervention to stimulate demand during times of economic downturns, such as recessions and depressions. This can be achieved through fiscal policies, such as increased government spending and tax cuts, and monetary policies, such as lowering interest rates. Classical economics and supply-side economics tend to focus on long-run economic growth and emphasize the importance of market forces. Monetarist economics focuses on the role of the money supply in influencing economic activity, while rational expectations theory emphasizes how individuals make decisions based on their expectations of future economic conditions.

_______ Economics Is Most Closely Associated with Fighting Recessions and Depressions