What type of macroeconomics presents the view that the market economy works well, that aggregate fluctuations are a natural consequence of an expanding economy, and that government intervention cannot improve the efficiency of the marketeconomy?macroeconomics is the view that the market economy works well, that aggregate fluctuations are a natural consequence of an expanding economy, and that government intervention cannot improve the efficiency of the marketeconomy.O A. MonetaristB. ClassicalOC. KeynesianO D. Long-runClassical macroeconomicsA. is currently championed by Paul Krugman in his weekly column in the New York TimesB. had its beginnings with the 1936 publication The General Theory of Employment, Interest, and MoneyC. explains how the economy performs in the face of a major slump in spendingD. fell into disrepute during the Great DepressionClick to select your answer.MacBook AirDIIDD000F11F12F7F8F9F10escF4F5F6F1F2F3&!@#$578delete123{[}PQWERTYtabFGH JKreASDcaps lock?BM|

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What type of macroeconomics presents the view that the market economy works well, that aggregate fluctuations are a natural consequence of an expanding economy, and that government intervention cannot improve the efficiency of the market economy? noorogate fluctuations are a natural consequence of an expanding economy, and that government intervention cannot improve the efficiency of the market

What type of macroeconomics presents the view that the market economy works well, that aggregate fluctuations are a natural consequence of an expanding economy, and that government intervention cannot improve the efficiency of the market economy? noorogate fluctuations are a natural consequence of an expanding economy, and that government intervention cannot improve the efficiency of the market

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Concept explainers

Inflation and Purchasing Power Theory

In economic terms, Inflation refers to the increase in the costs of various commodities which are used in daily lifestyle like food, clothes, transport, etc. over a specific time. It may lead to a fall in the purchasing power of the people and also affects the exchange rate of the currency because of the price increase. As the purchasing power falls the unit of the currency in the economy falls. When the prices of the commodities are decreased, then the purchasing power of the consumers will rise, then it will lead to deflation and changes the currency of the base economy to that of the foreign economy which will lead to change in exchange rates.

Question

What type of macroeconomics presents the view that the market economy works well, that aggregate fluctuations are a natural consequence of an expanding economy, and that government intervention cannot improve the efficiency of the market
economy?
macroeconomics is the view that the market economy works well, that aggregate fluctuations are a natural consequence of an expanding economy, and that government intervention cannot improve the efficiency of the market
economy.
O A. Monetarist
B. Classical
OC. Keynesian
O D. Long-run
Classical macroeconomics
A. is currently championed by Paul Krugman in his weekly column in the New York Times
B. had its beginnings with the 1936 publication The General Theory of Employment, Interest, and Money
C. explains how the economy performs in the face of a major slump in spending
D. fell into disrepute during the Great Depression
Click to select your answer.
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5
7
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1
2
3
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