According to Keynes an equilibrium below full employment is
A) impossible.
B) inevitable.
C) a strong possibility.
Correct Answer:
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Q10: To fight a depression,Keynes said that the
Q11: When the average price level in the
Q12: Laissez-faire economics was advocated by
A)both Keynes and
Q13: Our economy is always tending towards full
Q14: According to the classical economists,if the amounts
Q16: According to Keynes,at equilibrium,aggregate demand will always
Q17: When Henry Ford doubled his worker's wages
Q18: Which of the following statements is FALSE?
A)Until
Q19: At equilibrium GDP,aggregate demand _ aggregate supply
Q20: Under what condition will an increase in
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