Laissez-faire economics was advocated by
A) both Keynes and the classicals.
B) neither Keynes nor the classicals.
C) the classicals,but not by Keynes.
D) Keynes,but not by the classicals.
Correct Answer:
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Q7: The price level rises more rapidly as
Q8: Which best describes the classical theory of
Q9: At equilibrium GDP
A)Savings = investment,but aggregate demand
Q10: To fight a depression,Keynes said that the
Q11: When the average price level in the
Q13: Our economy is always tending towards full
Q14: According to the classical economists,if the amounts
Q15: According to Keynes an equilibrium below full
Q16: According to Keynes,at equilibrium,aggregate demand will always
Q17: When Henry Ford doubled his worker's wages
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