Lowe Clark
04/07/2024 · Middle School
6. Which one of the following statements is incorrect? A According to Say's law, there will never be insufficient demand at the macroeconomic level, since supply creates its own demand. B According to John Maynard Keynes, aggregate demand is the driving force behind aggregate economic activity C According to the monetarists, inflation is the result of excessive increases in the quantity of money. D The monetarists believe that extensive government intervention is required to stabilise the economy.
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The incorrect statement is D. The monetarists believe that extensive government intervention is required to stabilize the economy.
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