The economist that revolutionized economic thinking by focusing on the role of total spending in determining the level of output and employment was John Maynard Keynes.
Correct Answer:
Verified
Q168: According to new classical economists, the long-run
Q169: According to Keynes, if the economy is
Q170: In the new classical model, the wealth
Q171: In the new classical model, the natural
Q172: Which of the following is not a
Q174: In the Keynesian model, if total spending
Q175: The natural rate of unemployment occurs when
Q176: New Keynesian economics emphasizes that prices in
Q177: Monetarism favors stabilizing the economy through controlling
Q178: Monetarists are strong proponents of using government
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