An Economist from Which School of Thought Would Be Most

question 74

Multiple Choice

An economist from which school of thought would be most likely to say the following- "An increase in government expenditure will only increase inflation, because the aggregate supply curve is vertical."

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

---

Definitions:

Cognitive Scaffolding

An educational approach that provides temporary support to learners to help them achieve higher levels of understanding and skill acquisition.

Sociocultural Theory

A theory of development that emphasizes the role of social interaction and cultural context in shaping cognitive development.

Proximal Development

A concept in the theory of learning which suggests that learners progress most effectively when they are guided by tasks slightly beyond their current competence.

Vygotsky

A Russian psychologist known for his theories on cognitive development, emphasizing the crucial role of social interaction in learning.