Asked by Raymonde Armoo (student) on Apr 30, 2024
Verified
The newest school of economic thought to emerge are ________.
A) the economic behaviorists
B) supply side economists
C) the new classical economists
D) monetarists
Economic Behaviorists
Scholars or researchers who study how psychological and emotional factors affect the economic decisions of individuals or institutions.
Supply Side Economists
Economists who believe in the effectiveness of policies that focus on boosting output and economic growth by increasing the supply of goods and services, often through tax cuts and deregulation.
Classical Economists
Economists from the 18th and 19th centuries who focused on the idea that free markets regulate themselves through the laws of supply and demand.
- Distinguish between various economic schools of thought and their views on government's role in the economy.
Verified Answer
Learning Objectives
- Distinguish between various economic schools of thought and their views on government's role in the economy.
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