Unit 2

Question 1

Economic thinkers

Answer 1

○ Adam Smith
○ Karl Marx
○ John Maynard Keynes
○ David Ricardo

Question 2

Describe the theories of each economic thinker

Question 3

Economic theories/ideas

Answer 3

○ Classical (Adam Smith)
○ Keynesian
○ Supply Side
○ Monetarism

Question 4

Define and describe economic theories/ideas