Economists before Keynes assumed that equilibrium GDP occurred
A) automatically.
B) only with the help of government stabilization.
C) if spending was generally greater than output.
D) only in socialist economies with central planning.
Correct Answer:
Verified
Q47: Economists are very good at explaining how
Q48: The main examples of macroeconomic coordination failures
Q49: If inventory levels are decreasing, then we
Q50: Which of the following questions can be
Q51: According to the income-expenditure diagram, total production
Q53: If total spending exceeds total output, then
A)inventory
Q54: Recessions and depressions are the principal examples
Q55: John Maynard Keynes concluded that investment spending
Q56: If savings exceeds investment at full employment,
Q57: In a market economy, the decisions about
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