According to Keynesian economists,
A) the economy will return quickly to full employment in most cases
B) if output is below its potential,the economy will soon return to full employment
C) production can be stuck below its full-employment level for extended periods of time
D) the Great Depression proved that classical economics does a good job of explaining how the economy operates
E) he economy will achieve full employment in the short run but,in the long run,GDP will fluctuate
Correct Answer:
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Q1: Which of the following is true for
Q2: Which economic phenomenon is the short-run macro
Q3: The short-run macro model
A) is an attempt
Q4: Which of the following real-world phenomena does
Q6: One reason why economists often appear to
Q7: Which of the following events triggered intense
Q8: A key assumption of the classical model
Q9: Which of the following is a definition
Q10: John Maynard Keynes and his followers argued
Q11: What key observation did the classical model
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