The group that talks about economic theory is: A. Neo classical group B. Keynesian group C. Classical group D. The not so classical group
Question
The group that talks about economic theory is:
A. Neo classical group
B. Keynesian group
C. Classical group
D. The not so classical group
Solution
All of the groups mentioned - A. Neo classical group, B. Keynesian group, and C. Classical group - discuss economic theory.
A. The Neo classical group focuses on the belief that consumers are highly rational and self-interested, and they make judgments towards their subjectively defined ends.
B. The Keynesian group, named after economist John Maynard Keynes, believes in government intervention to achieve full employment and price stability.
C. The Classical group, which includes economists like Adam Smith and David Ricardo, believes in the efficiency of free markets to generate economic development.
D. The "not so classical group" is not a recognized group in economic theory.
So, all of A, B, and C are groups that talk about economic theory.
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