Keynesian economists believe that
A) activist government policy is needed to get the economy to full employment.
B) there are no business cycles.
C) monetary policy causes business cycles.
D) the economy automatically adjusts towards full employment.
Correct Answer:
Verified
Q50: Business cycles result when
A) the labor force
Q51: Japanʹs population increased by 3 percent in
Q52: Long-run macroeconomic equilibrium occurs when
A) real GDP
Q53: If the U.S. interest rate differential _,
Q54: The _growth theory assumes that population growth
Q56: If the Fed hikes the U.S. interest
Q57: At potential GDP
A) unemployment is at its
Q58: If productivity constantly increases, then the real
Q59: According to the quantity theory of money,
A)
Q60: The opportunity cost of holding money is
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