Attempts: Score: /6 16. A Comparison of Macroeconomic Views Aa Aa For each macro

Question

Attempts: Score: /6 16. A Comparison of Macroeconomic Views Aa Aa For each macroeconomic viewpoint, identify whether it is a position held by classical economists, Keynesian economists, or monetarists. If the viewpoint is shared by more than one group, check all that apply. Classical Keynesian Monetarist Viewpoints During a recession, the government should increase spending or reduce taxes in order to increase aggregate demand through the spending multiplier The primary cause of high inflation rates is excessively high growth of the money supply.

Explanation / Answer

(1) During recession, government should increase spending or reduce taxes - Keynesian

(2) Primary cause of high inflation rate is high growth of money supply - Classical and Monetarist

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