Keynesian: Government intervention to stimulate demand
Monetarist: Free markets to correct themselves
Keynesian answer:
- Argentina's core political structure is a federal presidential representative democratic republic, with the president serving as both the head of state and head of government.
- The legislative branch is made up of the bicameral National Congress, consisting of the Chamber of Deputies and the Senate.
- The judiciary is headed by the Supreme Court of Justice of the Nation.
Monetarist answer:
- Argentina's core political structure is a federal presidential representative democratic republic, but the government has a long history of intervention in the economy.
- This has led to high levels of inflation and economic instability.
- Monetarists would argue that the best way to improve Argentina's economy is to reduce the government's role in the economy and allow free markets to operate more efficiently.
Overall, Keynesians would focus on the demand side of the economy, while monetarists would focus on the supply side.
Keynesians would favor government intervention to stimulate the economy during a downturn, while monetarists would prefer to let free markets correct themselves.