Which of the following news quotes BEST describes a Keynesian view of a recession?
A) "Businesses are very worried about future sales and have lowered their purchases of capital equipment."
B) "The unexpectedly tight fiscal policy is raising spending and lowering unemployment."
C) "The anti- inflationary policy of the Reserve Bank of Australia is increasing spending."
D) "The cuts in government spending have helped lower consumer spending and created unemployment."
Correct Answer:
Verified
Q33: Q34: Q35: An economy is at full employment. Which Q36: One result of a decrease in aggregate Q37: The Australian exchange rate rises. As a Q39: In the short run, an increase Q40: A Keynesian economist believes that Q41: Stagflation is the combination of Q42: If the money price of a resource Q43: Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents
A)the economy is
A)deflation with increasing
