Answered

Explore Westonci.ca, the top Q&A platform where your questions are answered by professionals and enthusiasts alike. Discover solutions to your questions from experienced professionals across multiple fields on our comprehensive Q&A platform. Explore comprehensive solutions to your questions from knowledgeable professionals across various fields on our platform.

The idea that expansionary monetary policy should be used to pay off national debt rather than contractionary fiscal policy is known as:

A. Monetarism
B. Classical Macroeconomics
C. Modern Consensus
D. Modern Macroeconomic Theory
E. Keynesian Macroeconomics

Sagot :

GinnyAnswer

Final answer:

Monetarism emphasizes the use of monetary policy over fiscal policy, advocating for steady money growth to manage the economy.


Explanation:

Monetarism is the idea that monetary policy, specifically steady money growth, should be used over fiscal policy to manage the economy. Economist Milton Friedman advocated for this approach, emphasizing that money, instead of fiscal measures, impacts aggregate demand. This perspective stands in contrast to Keynesian economics, which emphasizes the use of expansionary fiscal policies.


Learn more about Monetarism here:

https://brainly.com/question/30154222


Thank you for choosing our service. We're dedicated to providing the best answers for all your questions. Visit us again. Thank you for your visit. We're committed to providing you with the best information available. Return anytime for more. Your questions are important to us at Westonci.ca. Visit again for expert answers and reliable information.