Multiple Choice
Keynes attempted to explain:
A) short-run economic fluctuations and advocated policies to increase aggregate supply
B) short-run economic fluctuations and advocated policies to increase aggregate demand
C) long-run economic growth and advocated policies to increase aggregate demand
D) long-run economic growth and advocated policies to increase aggregate supply
Correct Answer:
Verified
Correct Answer:
Verified
Q1: Write each of the following words
Q2: The short-run equilibrium level of real GDP
Q3: According to Okun's law, if real GDP
Q4: The slope of the AD curve only
Q5: Okun's law looks at the relationship between:<br>A)inflation
Q7: The aggregate-demand curve is downward-sloping because of
Q8: The aggregate-supply curve shows:<br>A)the quantity of goods
Q9: For a given level of inflation, if
Q10: If there is an increase in both
Q11: Starting with AD₁ and AS<sub>1</sub> in the