An Economist from Which School of Thought Would Most Likely

question 68

Multiple Choice

An economist from which school of thought would most likely accept the following- "The wide acceptance and practice of activist government fiscal policy."

• A)Traditional classical economics
• B)Neoclassical economics
• C)Marxist economics
• D)New monetarist economics
• E)Keynesian economics

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Definitions:

Wealthy Family

A family characterized by possessing significant financial resources, assets, and income, which provides them with a high socioeconomic status.

Social Class

A categorization of individuals based on economic, political, or cultural aspects, often influencing access to resources and opportunities.

Upper-Middle Class

A social class that is above the middle class, characterized by higher income, education, and occupational prestige.

Symphony Orchestra

A large ensemble of musicians, typically over eighty, who perform classical music under the direction of a conductor.