_____ answers "no" to all five key questions about whether macroeconomic policy, either monetary or fiscal, can help fight recession, reduce unemployment, or should be used in a discretionary way.
A) Classical macroeconomics
B) Keynesian economics
C) Rational expectations theory
D) Monetarism

Question

Quizplus · Accepted Answer

Classical macroeconomics believes that the economy is self-regulating and will naturally return to full employment equilibrium without any government intervention. Therefore, it answers "no" to all five key questions about whether macroeconomic policy can help fight recession, reduce unemployment, or should be used in a discretionary way.

_____ Answers "No" to All Five Key Questions About Whether