Answered

Find the best solutions to your questions at Westonci.ca, the premier Q&A platform with a community of knowledgeable experts. Connect with a community of experts ready to provide precise solutions to your questions on our user-friendly Q&A platform. Experience the convenience of finding accurate answers to your questions from knowledgeable experts 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


We appreciate your visit. Hopefully, the answers you found were beneficial. Don't hesitate to come back for more information. Thank you for choosing our platform. We're dedicated to providing the best answers for all your questions. Visit us again. Thank you for trusting Westonci.ca. Don't forget to revisit us for more accurate and insightful answers.