The Key Difference Between Keynesian and Classical Economists Is

question 21

Multiple Choice

The key difference between Keynesian and Classical economists is

• A)Keynesians believe that monetary and fiscal policies are detrimental to the economy.
• B)Keynesians believe wages and prices are perfectly flexible.
• C)Keynesians favour a role for government in managing the economy.
• D)Classical economists propose a "menu cost" model.
• E)Classical economists favour a role for government in managing the economy.

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Definitions:

Control

In sociology, control refers to the mechanisms, strategies or institutions that regulate individuals' behavior within a society to maintain order and enforce norms.

Action Research

A type of research aimed at creating social change, in which the researcher works closely with members of a community who participate in the research process and collaborate toward the goal of social change.

Objectivity

The practice of maintaining neutrality and impartiality, avoiding bias and personal judgment, especially in research and reporting.

Methodological Approach

A systematic way of addressing problems or answering questions through specified procedures or techniques.