Countercyclical macroeconomic policy is favoured by:
A) Keynesian economists.
B) monetarists.
C) classical economists.
D) microeconomists.

Question

Quizplus · Accepted Answer

Countercyclical macroeconomic policy is often associated with the ideas of Keynesian economists, who believe in using government intervention to stabilize the economy during economic fluctuations. Monetarists and classical economists, on the other hand, typically advocate for a more hands-off approach to the economy and believe in the power of markets to self-correct. Microeconomists may study the impact of countercyclical policies on specific markets, but they do not typically have a unified stance on macroeconomic policy.

Countercyclical Macroeconomic Policy Is Favoured By