Which of the following statements is true?
A) Keynesians believe that consumers are inherently unstable in consumption decisions,but that businesses are relatively stable in making investment decisions.
B) Monetarists believe in discretionary monetary policy.
C) Lowering tax rates is the main priority of supply side economists.
D) Supply-side economists believe in a heavily regulated economy.
Correct Answer:
Verified
Q167: Statement I: Economic Behaviorists challenge the idea
Q168: The crude quantity theory of money and
Q169: Keynesians
A)believe capitalism is inherently unstable.
B)contend that government
Q170: The classical economists believed all of the
Q171: According to Keynes,
A)supply creates its own demand.
B)the
Q173: The main criticism leveled at the rational
Q174: Statement I: According to the rational expectations
Q175: According to supply-side economists,
A)high tax rates discourage
Q176: The classical economists espoused
A)the crude version of
Q177: According to the rational expectationists
A)the so-called recessionary
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