Economics · Economic Theories
Country M is experiencing economic stagnation. A senior policy advisor has proposed that the nation should 'concentrate on limiting government intervention in markets and reducing fiscal deficits, rather than increasing public expenditure'. Which economic school of thought is the advisor suggesting country M should follow?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Mercantilism
- 2Keynesian Economics
- 3Marxist Economics
- 4Classical Economics✓
Correct answer
Classical Economics
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