Keynesian and Monetarist economists hold different views about how the economy operates. Which of the following combinations is correct?
- AKeynesian: decreasing AD will always lead to an increase in economic growth; Monetarist: economic growth is achieved using fiscal policy
- BKeynesian: increasing AD brings the economy out of recession; Monetarist: the economy always tends to full employment in the long run
- CKeynesian: increasing AD will always lead to increased employment; Monetarist: economic growth is achieved by cutting taxation
- DKeynesian: increasing AS brings the economy out of recession; Monetarist: full employment will always be achieved in the long run