Asked by Raymonde Armoo (student) on Apr 30, 2024

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The newest school of economic thought to emerge are ________.

A) the economic behaviorists
B) supply side economists
C) the new classical economists
D) monetarists

Economic Behaviorists

Scholars or researchers who study how psychological and emotional factors affect the economic decisions of individuals or institutions.

Supply Side Economists

Economists who believe in the effectiveness of policies that focus on boosting output and economic growth by increasing the supply of goods and services, often through tax cuts and deregulation.

Classical Economists

Economists from the 18th and 19th centuries who focused on the idea that free markets regulate themselves through the laws of supply and demand.

  • Distinguish between various economic schools of thought and their views on government's role in the economy.
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Pratima ParijaMay 07, 2024
Final Answer :
A
Explanation :
The economic behaviorists represent the newest school of economic thought, focusing on psychological insights into human behavior to explain economic decision-making.