What policies would Keynesians, monetarists, and supply­siders advocate for LO2 1. Restraining inflation? 2. Reducing unemployment? Suppose it is an election year and aggregate demand is growing so...

What policies would Keynesians, monetarists, and supply­siders advocate for LO2 1. Restraining inflation? 2. Reducing unemployment?

Suppose it is an election year and aggregate demand is growing so fast that it threatens to set off an inflationary movement. Why might Congress and the president hesitate to cut back on government spending or raise taxes, as economic theory suggests is appropriate?