Which of the following is not an aspect of Keynesian economics?
A) Wages and prices tend to be inflexible downward.
B) Supply does not necessarily generate its own demand.
C) Saving depends directly upon the level of income.
D) Unemployment is a temporary phenomenon.
Correct Answer:
Verified
Q68: Which of the following solutions would a
Q69: Q70: The wealth or real balances effect indicates Q71: The aggregate supply curve will be horizontal Q72: Which is NOT a reason that an Q74: In the classical model where aggregate supply Q75: According to Keynesian theory Q76: Real money balances Q77: As illustrated in an aggregate demand-aggregate supply Q78: What is the aggregate supply curve?
A)changes in the equilibrium
A)refer to the amounts of
A)A curve
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