Asked by Shawn Killens on Jun 20, 2024

verifed

Verified

All of the following schools of economics advocate small government in all circumstances as the best policy,except

A) Keynesian.
B) Classical.
C) Monetarists.
D) Supply Side economics.

Keynesian

Relating to the economic theories of John Maynard Keynes, advocating for increased government expenditures and lower taxes to stimulate demand and pull the global economy out of depression.

Classical

Pertains to the classical school of economic thought, focusing on free markets and the self-regulating nature of economies, emphasizing the roles of competition and supply and demand.

Monetarists

Monetarists are economists who believe that variations in the money supply have major influences on national output in the short run and the price level over longer periods.

  • Evaluate the contrasting viewpoints of different economic theories regarding the government's influence on economic practices.
verifed

Verified Answer

TB
Terrence BrownJun 23, 2024
Final Answer :
A
Explanation :
Keynesian economics advocates for government intervention in times of economic downturns to stimulate demand and stabilize the economy. The other schools of economics listed prioritize smaller government and market-oriented solutions.