During the 19 th century,____ was the mainstream school of economics.A) classicalB) KeynesianC) monetarismD) supply-sideE) rational expectationist

Question

During the 19 th  century,____ was the mainstream school of economics.A) classicalB) KeynesianC) monetarismD) supply-sideE) rational expectationist

Lisaaj Joness · Accepted Answer

Final Answer : A, Explanation :  The 19th century saw the rise of classical economists such as Adam Smith, David Ricardo, and Thomas Malthus, whose theories of free markets, division of labor, and comparative advantage dominated economic thought for most of the century. Keynesian economics, which advocates for government intervention in the economy during times of recession, did not gain prominence until the 1930s. Monetarism, supply-side economics, and rational expectationism are all later developments in economic theory.

During the 19^th century,____ was the mainstream school of economics.

A) classical
B) Keynesian
C) monetarism
D) supply-side
E) rational expectationist

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Related questions

During the 19th century,____ was the mainstream school of economics.A) classicalB) KeynesianC) monetarismD) supply-sideE) rational expectationist

Definitions

Learning Objectives

Learning Objectives

Related questions

During the 19^th century,____ was the mainstream school of economics.

A) classical
B) Keynesian
C) monetarism
D) supply-side
E) rational expectationist