Which of the following macroeconomic schools of thought had dominated the economics profession from the 1940s through the 1960s?
A) New classical economics
B) Classical economics
C) Keynesian economics
D) Rational economics
E) Positive economics
Correct Answer:
Verified
Q13: The figure given below shows the supply
Q14: Traditional Keynesians argued that when wages are
Q15: Which of the following schools of thought
Q16: The new Keynesian economists believed that:
A)wages and
Q17: If the traditional Keynesian views turn out
Q19: According to new Keynesian economics:
A)the aggregate supply
Q20: Which of the following is true from
Q21: According to the traditional Keynesian school of
Q22: In case of classical model, increase in
Q23: The recognition lag refers to the:
A)time taken
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