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At a recent symposium, “The Great Economic Debate of the Decade” several panelists were asked to state their opinions on aggregate demand and aggregate supply.Panelist 1 stated that he believed shifts in both aggregate demand and aggregate supply were driven primarily by changes in technology over time.Panelist 2 stated that she believed the focus of economic policy should be to directly increase aggregate demand by increasing the money supply or through fiscal policy.The views of Panelist 1 and Panelist 2 would best be described as which economic school of thought? Panelist 1Panelist 2 A:Neoclassical Keynesian B:New Classical Monetarist C:Keynesian New Keynesian |
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