Which of the following is NOT a feature of Keynesian theory?
A) Wages and prices are sticky.
B) The interest rate is the key driver of investment demand.
C) Individuals sometimes have an irrational desire to hold cash.
D) Adjustments in the interest rate may not equalize saving and investment.
Correct Answer:
Verified
Q17: If government spending is greater than the
Q18: If government spending is _ than the
Q19: Suppose that the total debt of the
Q20: Suppose that the total debt of the
Q21: Which one of the following statements is
Q23: According to monetarist theory, inflation is a
Q24: Stagflation refers to inflation and stagnant:
A) real
Q25: A combination of stagnant real GDP and
Q26: Which of the following statements is true?
A)
Q27: There is a widespread agreement among economists
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