Which of the following is NOT part of the Keynesian perspective?
A) The short run is more important than the long run.
B) Prices and wages tend to be sticky.
C) Markets move quickly to new equilibriums when supply or demand curves shift.
D) Changes in government purchases change total spending in an economy.

Question

Quizplus · Accepted Answer

Keynesian economics emphasizes that markets do not always adjust quickly to shifts in supply and demand, leading to periods of unemployment and underproduction. This contrasts with the assertion in option C, which aligns more with classical or neoclassical economic thought, not Keynesian.

Which of the Following Is NOT Part of the Keynesian