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Economists who generally emphasize the importance of aggregate supply, following the Say's law tradition, for determining the size of the macroeconomy over the long run are given what name?
AKeynesian economists
BMonetarist economists
CBehavioral economists
DNeoclassical economists
Answer & Solution
Correct answer: D. Neoclassical economists
1. Economists who follow the Say's law, supply-side tradition, are given a direct name.
2. It calls them neoclassical economists, tracing the label back to Say, Adam Smith, and other classical writers.
3. Keynesian economists are the opposing camp, emphasizing demand instead.
4. Monetarist and behavioral economics are not the labels used for this supply-side tradition.
_Source: OpenStax Principles of Macroeconomics for AP Courses (CC BY 4.0), Ch 10 "The Aggregate Demand/Aggregate Supply Model", section 10.1 | Macroeconomic Perspectives on Demand and Supply_
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