Keynesian economics focuses on:
A) the long run.
B) the short run.
C) both the long run and the short run.
D) neither the long run nor the short run.
Correct Answer:
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Q23: Which of the following was not a
Q24: According to Classical economists in the 1930s,
Q25: The secular trend growth rate in the
Q26: A period of protracted slow growth and
Q27: Potential output:
A)is purely a physical phenomenon.
B)is related
Q29: If a country of 300 million people
Q30: The two frameworks conventional economists generally use
Q31: Keynesians:
A)generally favor activist government policies.
B)generally favor laissez-faire
Q32: The short-run business cycle framework focuses primarily
Q33: Classicals:
A)generally favor activist government policies.
B)generally favor laissez-faire
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