Keynesian economists believe that
A) the economy automatically adjusts towards full employment.
B) monetary policy causes business cycles.
C) there are no business cycles.
D) activist government policy is needed to get the economy to full employment.
Correct Answer:
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Q10: The Keynesian aggregate expenditure model focuses on
Q11: Suppose that a severe shock that decreases
Q12: Classical economists believe that the economy
A) requires
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Q15: The impulse leading to business cycles in
Q16: Which of the following is true?
A) The
Q17: If the Fed increases the quantity of
Q18: The order for the chain of events
Q19: The Keynesian aggregate expenditure model best describes
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