This blog has been created to provide an area for economics students to read about how economics impacts daily life. It is especially useful for students to understand the application of macroeconomics as communicated through the media and governmental websites.

This online resource has been set up for educational purposes.All rights are reserved by the various websites.

For further clarification, please email


clipped from
An important difference between the approaches of the classical and Keynesian economists use to achieve a macroeconomic equilibrium is that

(Select one answer)

(a) * Keynesian economists actively promote the use of fiscal policy; the classical economists do not

(b) * Keynesian economists actively promote the use of monetary policy to improve aggregate economic performance; classical economists do not

(c) * classical economists believe that monetary policy will certainly affect the level of output; Keynesians believe that money growth affects only prices

(d) * classical economists believe that fiscal policy is an effective tool for achieving economic stability; Keynesians do not

blog it