Keynesian economics is based on the idea that
A) the economy does not always reach equilibrium on its own.
B) the equilibrium level of real output does not always correspond to full employment.
C) consumption spending is based on investment spending.
D) consumption spending is based on interest rates.
Correct Answer:
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Q5: Which one of the following describes Keynes's
Q6: Which of the following statements is true?
A)
Q7: Consumption spending
A) does not affect aggregate demand.
B)
Q8: Investment spending is
A) not dependent on taxation
Q9: If a tax cut stimulates investment spending
Q11: Income set aside for a period of
Q12: Consumption spending is most strongly determined by
A)
Q13: Discretionary fiscal policy is used to
A) create
Q14: Marginal propensity to consume
A) is the change
Q15: Which one of the following is true,
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