Which of the following is false?
A) The classical economists advocate laissez-faire economics.
B) Keynesians advocate an active government role for curing a recession.
C) Keynes suggested that the normal economic state of affairs was full employment.
D) The classicals believed everything produced would necessarily be purchaseD.
Correct Answer:
Verified
Q152: Which of the following statements best reflects
Q153: The major difference between the Keynesian model
Q154: The interest rate effect and real wealth
Q155: If the real national output is less
Q156: According to Keynes,aggregate supply and aggregate demand
Q158: If an economy is currently operating at
Q159: Which of the following supports the classical
Q160: Which of the following is true?
A)To fight
Q161: Keynes believed
A)once a recession began,it would always
Q162: The classicals believed that when savings exceeds
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