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    Economics Principles and Policy Study Set 2
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    Exam 25: Demand-Side Equilibrium: Unemployment or Inflation
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    Economists Before Keynes Assumed That Equilibrium GDP Occurred
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Economists Before Keynes Assumed That Equilibrium GDP Occurred

Question 180

Question 180

Multiple Choice

Economists before Keynes assumed that equilibrium GDP occurred


A) automatically.
B) only with the help of government stabilization.
C) if spending was generally greater than output.
D) only in socialist economies with central planning.

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