Keynes believed
A) lowering wages could cure a depression.
B) the interest rate was more important than the expected rate of profit in determining the level of investment in an economy.
C) our economy always tends toward full employment.
D) aggregate demand was more important than aggregate supply in the short run.
Correct Answer:
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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
Q198: According to Keynesians
A)An increase in aggregate demand
Q199: Savings will always be set equal to
Q201: Aggregate supply is _.
Q202: The interest rate effect states that _.
Q203: Aggregate demand is _.
Q204: According to the classical economists,if there were
Q205: Keynes thought the Great Depression had been
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