According to Keynes:
A) inflation is always and everywhere a monetary phenomenon.
B) The Phillips curve is stable.
C) balancing the budget in the midst of a depression would be a serious mistake.
D) the multiplier effect mutes the effect of demand shocks to output.
E) the Great Depression was caused by ill- considered expansionary fiscal policy.
Correct Answer:
Verified
Q1: The IS- LM model was developed by:
A)
Q3: The staggering of wage and price decisions
Q4: Which of the following was not part
Q5: Which of the following events led to
Q6: The steeper is the IS curve:
A) The
Q7: The research by Robert Hall on the
Q8: Which of the following is an implication
Q9: Which of the following statements about Keynes'
Q10: The theories of investment were developed by:
A)
Q11: Liquidity preference refers to:
A) the controversy sparked
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