Which of the following schools of economic thought would be against balancing the budget during a recession?
A) The classical school
B) Keynesians
C) Monetarists
D) Supply side economics
E) Rational expectationists
Correct Answer:
Verified
Q195: Statement I: President Reagan in 1981 and
Q196: The classical economists believed in all the
Q197: The monetarists believe
A)balancing the budget is the
Q198: The origin of classical economics was based
Q199: When faced with the Great Recession,both Presidents,most
Q201: According to the classical economists,if the quantity
Q202: The conventional monetary policy to fight recessions
Q203: If M is 4,000,Q is 2,000,and P
Q204: During inflationary recessions
A)both conventional monetary and fiscal
Q205: The conventional fiscal policy to fight inflation
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents