Which group of contemporary economists argues that markets adjust almost instantly and that increasing the money supply only leads to higher prices without boosting employment?

Choose the correct answer

Explanation

The new classical school of economics holds that markets clear quickly and that changes in the money supply primarily affect price levels, not employment. This contrasts with Keynesians, post-Keynesians, and monetarists, who have different views on market adjustments and monetary effects.

Which group of contemporary economists argues that m… — Roots of Modern Macroeconomics | PakQuizHub