According to Keynesians
A) An increase in aggregate demand will always lead to inflation.
B) An increase in aggregate demand will eventually lead to deflation.
C) An increase in aggregate demand will eventually lead to less real GDP.
D) Insufficient aggregate demand could keep an economy in a depression for an extended period of time.
Correct Answer:
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Q193: The classicals said that recessions are _
Q194: In both the Keynesian and classical economic
Q195: Full employment GDP is the level of
Q196: The centerpiece of classical economics is _.
Q197: Which of the following is false?
A)Keynes believed
Q199: Savings will always be set equal to
Q200: Keynes believed
A)lowering wages could cure a depression.
B)the
Q201: Aggregate supply is _.
Q202: The interest rate effect states that _.
Q203: Aggregate demand is _.
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