Multiple Choice
John Maynard Keynes wrote that low income and high unemployment in economic downturns should be blamed on:
A) low levels of capital.
B) an untrained labour force.
C) inadequate technology.
D) low aggregate demand.
Correct Answer:

Verified
Correct Answer:
Verified
Q20: According to the Keynesian-cross analysis, if MPC
Q21: Exhibit: Market for Real Money Balances <img
Q21: The Keynesian-cross analysis assumes planned investment:<br>A) is
Q23: In the Keynesian-cross model, if the MPC
Q24: With the real money supply held constant,
Q43: Changes in monetary policy shift the:<br>A) LM
Q80: The IS-LM model takes _ as exogenous.<br>A)
Q91: Changes in fiscal policy shift the:<br>A) LM
Q96: When firms experience unplanned inventory accumulation, they
Q100: The interest rate determines _ in the