Keynesian economists believe that prolonged recessions are possible because
A) savings is a crucial component of economic growth.
B) prices are flexible and adjust quickly during economic downturns.
C) the most important determinant of economic growth is long-run aggregate supply.
D) government intervention is not necessary to promote full employment.
E) prices are sticky and do not adjust quickly during economic downturns.
Correct Answer:
Verified
Q114: Use the following graph to answer the
Q115: Which of the following economic statements would
Q116: If prompted to describe fundamental beliefs about
Q117: Which of the following economic statements would
Q118: Based on the belief that prices are
Q120: If a Keynesian economist were asked to
Q121: Use the following graph to answer the
Q122: Use the following graph to answer the
Q123: Keynesian economists believe that the economy is
Q124: Use the following graph to answer the
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