Multiple Choice
Which of the following statements about Keynesian views is true?
A) Keynes' analysis was mainly concerned with the long-run
B) Keynes fully supported the classical view that markets were efficient and cleared quickly
C) Demand deficient output meant that governments had a responsibility to boost demand to maintain full employment in the short term
D) Responsibility for fiscal policy should be transferred to central banks because governments could not be trusted to implement tax changes appropriately in times of recession.
Correct Answer:

Verified
Correct Answer:
Verified
Q17: The IS-MP model differs from the IS-LM
Q18: Explain how the aggregate demand curve is
Q19: The slope of the expenditure line is
Q20: Which of the following will not weaken
Q21: An increase in the demand for money
Q23: Suppose that the government increases expenditures by
Q24: The government increases spending by €10 billion
Q25: Explain the principle of general equilibrium.
Q26: Which of the following statements about the
Q27: In the IS-MP model, the MP curve