Econ Schools of Thought she, technology, directly, economic

Sunshine4ever

At a recent symposium, “The Great Economic Debate of the Decade” several panelists were asked to state their opinions on aggregate demand and aggregate supply.
Panelist 1 stated that he believed shifts in both aggregate demand and aggregate supply were driven primarily by changes in technology over time.
Panelist 2 stated that she believed the focus of economic policy should be to directly increase aggregate demand by increasing the money supply or through fiscal policy.
The views of Panelist 1 and Panelist 2 would best be described as which economic school of thought?
Panelist 1 Panelist 2
A) Monetarist Classical
B) Keynesian New Keynesian
C) Classical Keynesian
D) Supply side Monetarist

prashantsahni

yeah, I got classical right off the bat, so I didn’t even need to read the second one, but old Milton Friedman wasn’t too keen on fiscal policy, so the second one answered itself.