macroeconomics is the view that the market economy works well, that aggregate fl

Question

macroeconomics is the view that the market economy works well, that aggregate fluctuations are a natural consequence of an expanding economy, and that government intervention cannot improve the efficiency of the market economy O A. Monetarist 0 B. Long-run OC. Classical OD, Keynesian Classical macroeconomics A. fell into dsrepute during the Great Depression O B. had its beginnings win the 1936 publication The General Theory of Employment, Interest, and Money ° C. is currenty championed by Paul Krugman in his weekly column in the New York Times OD. explains how the economy performs in the face of a major slump in spending Click to select your answer

Explanation / Answer

1 Otion C, because classical never advocated the role of government intervention.

2 otion A) because prior to 1930 it was classical schoolof thought which believe that economy is at full employment level and refuted the role of govt intervention due to which fell into disrepute.

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