Which of the following schools of economic thought would be against balancing the budget during a recession?

A) The classical school
B) Keynesians
C) Monetarists
D) Supply side economics
E) Rational expectationists

Keynesians

Followers and theorists of Keynesian economics, which emphasizes the need for government intervention in economies to manage output and demand through fiscal and monetary policies.

Classical School

A school of economic thought that emphasizes the importance of free markets, competition, and the self-regulating nature of economies.

Monetarists

Economists convinced that fluctuations in the money supply play a crucial role in influencing short-term national output and affect price levels over the long term.