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A neoclassical economist and a Keynesian economist are studying the economy of Vineland. It appears that...

A neoclassical economist and a Keynesian economist are studying the economy of Vineland. It appears that Vineland is beginning to experience a mild recession with a decrease in aggregate demand. Which of these two economists would likely advocate that the government of Vineland take active measures to reverse this decline in aggregate demand?

the Keynesian economist

both economists would take action

the neoclassical economist

neither economist would take action

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Answer #1

Its the Keynesian economist who will take a decision to allow the government intervention in the economy, they will ask the government to increase the expenditure and cut the taxes.

The answer is Keynesian economists.

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