John Maynard Keynes ________.
A) questioned the classical view that economies move quickly to their long run equilibrium levels
B) advocated focusing on short run fluctuations
C) carved out macroeconomics as a distinct field in the 1930s
D) all of the above
E) none of the above
Correct Answer:
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Q53: The classical view believes that _.
A)economies move
Q54: The years from 1945 to 1973 are
Q55: The "Great Moderation" refers to _.
A)sharp declines
Q56: During the Great Recession of 2007-2009,the U.S._.
A)experienced
Q57: During the U.S.Great Moderation,_.
A)the volatility in the
Q59: What did the U.S.business cycles in the
Q60: From 1945 until 1973,the U.S.economy experienced _.
A)rapid
Q61: Rational inattention refers to _.
A)the risk a
Q62: According to the flexible price framework _.
A)an
Q63: Keynesian economists _.
A)observe that prices respond slowly
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