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7 March, 20:52

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

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  1. 7 March, 22:31
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    Keynesian Economist.

    Explanation:

    Keynesian economists believe that Govt should be the one to relief the buyers by boosting demands and lowering taxes. Because for them consumer demand is the most significant for an economy and they always advocate that Govt should focus on that to avoid recessions. Therefore, they end up in advocating expansionary fiscal policy (decreasing taxes or increasing govt expenditure so that people will have enough disposable income to spend on other things).
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