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Figure 1.1
Identify the levels of organization in the figure above.
-Label B: ______________________________
Classical Economists
Economists from the 18th and 19th centuries who focused on the free market, advocating for limited government intervention.
Keynesian
Relating to the economic theories of John Maynard Keynes, advocating for increased government expenditures and lower taxes to stimulate demand and pull the global economy out of depression.
Classical
Pertains to the classical school of economic thought, focusing on free markets and the self-regulating nature of economies, emphasizing the roles of competition and supply and demand.
Monetarists
Monetarists are economists who believe that variations in the money supply have major influences on national output in the short run and the price level over longer periods.
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