Which of the following schools of economic thought is decidedly opposed to government intervention in the macroeconomy?
A) new classical
B) monetarism
C) Keynesian
D) both A and B

Question

Quizplus · Accepted Answer

The new classical and monetarism schools of economic thought are both characterized by a belief in the efficiency of free markets and a skepticism of government intervention in the macroeconomy. They argue that government intervention can often have unintended negative consequences and that markets will naturally adjust to correct imbalances in the long run. Keynesian economics, on the other hand, argues that government intervention is necessary to mitigate economic downturns and stabilize the macroeconomy.

Which of the Following Schools of Economic Thought Is Decidedly