Question: Kiara believes that changes in aggregate demand alter both real output and the price level. They believe that an economic recession will not necessarily self
Kiara believes that changes in aggregate demand alter both real output and the price level. They believe that an economic recession will not necessarily selfcorrect in the long run and therefore that active fiscal and monetary policy is justified to smooth out the business cycle. Kiara is BEST described as a:
classical economist.
Keynesian. supplysider. monetarist.
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