Keynes believed that:
A) the government could not aid market forces to push the economy to its potential income.
B) market forces pushing the economy into cumulative spirals were weak.
C) market forces pushing the economy to potential income were weak.
D) market forces pushing the economy to potential income were strong.
Correct Answer:
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Q14: Keynes believed equilibrium income was:
A)not fixed at
Q15: Starting from a long-run equilibrium, an increase
Q16: According to the Keynesian model,
A)wages are flexible
Q17: The repercussions that the money wealth and
Q18: In principle, we would expect the aggregate
Q20: According to Keynes, the economy could become
Q21: Keynes believed that an increase in savings
Q22: An increase in real money balances resulting
Q23: An increase in the price level:
A)increases the
Q24: The shapes of the curves in the
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