In 1936, Keynes described his views on the economy in
A) Mr. Keynes and the Classics; A Suggested Interpretation.
B) Some Evidence on the Importance of Sticky Prices.
C) Essays in Positive Economics.
D) The General Theory of Employment, Interest, and Money.
E) Macroeconomic Stabilization Policy in Canada.
Correct Answer:
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Q1: The output gap is the difference between
A)
Q2: In the New Keynesian model, the output
Q3: The Yd(IS)curve is downward sloping to reflect
Q4: The main difference between the New Keynesian
Q6: In the long run, most Keynesians believe
A)
Q7: The New Keynesian model has the property
Q8: An important feature of the New Keynesian
Q9: Most central banks, including the Bank of
Q10: New Keynesian economics refers to
A) the monetarist
Q11: The key difference between Keynesian and Classical
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