Keynesians tend to believe that
A) laissez-faire policies stabilize market economies.
B) recessions are temporary.
C) expansionary government spending and tax cuts are cures for recessions and depressions.
D) in the short run,aggregate supply should be manipulated to stabilize the economy.
Correct Answer:
Verified
Q60: Classical employment theory holds that
A)wages are flexible
Q61: The classical macroeconomic model argues that the
Q62: Keynesians tend to believe that
A)laissez-faire policies stabilize
Q63: Aggregate demand will decrease when there are
A)decreases
Q64: Q66: Keynes thought that the major economic reason Q67: The foreign purchases effect suggests that a Q68: Which of the following solutions would a
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