Multiple Choice
How did Keynes propose to solve the problem of high unemployment?
A) Increase the growth rate of the money supply.
B) Allow wages to decline, so that firms will want to hire more workers.
C) Put on wage and price controls, so wages won't rise and firms won't have to lay people off to cut costs.
D) Have the government increase its demand for goods and services.
Correct Answer:
Verified
Correct Answer:
Verified
Q4: Classical economists argue that<br>A)the government should have
Q5: If the price level was 100 in
Q6: The difference between microeconomics and macroeconomics is
Q7: U.S.imports are goods and services<br>A)produced abroad and
Q8: Macroeconomic information for the economy of Anchovy
Q10: Data on exports and imports for the
Q11: If a city has 3293 unemployed people
Q12: A set of ideas about the economy
Q13: John Maynard Keynes disagreed with the classical
Q14: The classical approach to macroeconomics assumes that<br>A)wages,