Keynesian economists tend to believe that the private sector of the economy (households and businesses) is inherently
A) very stable in its consumption and investment decisions.
B) unstable in its consumption and investment decisions.
C) smaller than the foreign trade sector of the economy.
Correct Answer:
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Q31: The _ hypothesis is based on the
Q32: The new classical economists are the
A)Keynesians.
B)economic behaviorists.
C)supply-siders.
D)rational
Q33: Milton Friedman and others,citing imperfections and mistakes
Q34: One major assumption of the theory of
Q35: Supply-side economists believe that,in general,
A)by raising tax
Q37: Supply-side economists would say that tax rates
Q38: Which one of the following macroeconomic theories
Q39: Systematic error is most clearly associated with
A)rational
Q40: According to monetarists
A)changes in the money supply
Q41: Most modern monetarists believe that
A)the capitalist system
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