Asked by
William McKibbin
on Oct 12, 2024
Verified
The only school of economics that could be construed as advocating big government are the
A) classicals.
B) Keynesians.
C) monetarists.
D) supply-siders.
E) rational expectationists.
Big Government
A term referring to a government or state perceived as overly involved in the various aspects of societal, economic, and personal lives of its citizens.
Keynesians
Supporters of the economic theories established by John Maynard Keynes, focusing on total spending in the economy and its effects on output and inflation.
- Familiarize yourself with the variety of economic doctrines and their chief advocates.
- Differentiate between the economic policies advocated by different schools of economics.
Verified Answer
SB
Learning Objectives
- Familiarize yourself with the variety of economic doctrines and their chief advocates.
- Differentiate between the economic policies advocated by different schools of economics.