The Keynesian model is basically
A)a long-run theory.
B)a short-run theory.
C)a combination of long- and short-run theories.
D)a theory about the economy in both the long run and the short run.

Question

Quizplus · Accepted Answer

The Keynesian model is primarily a short-run theory that focuses on the role of aggregate demand in driving economic output and employment levels. While it does have some implications for the long run, its primary focus is on addressing short-term economic fluctuations.

The Keynesian Model Is Basically