Multiple Choice
Keynesians explain cyclical fluctuations in growth in terms of
A) the quantity theory.
B) aggregate demand.
C) imperfect labour markets.
D) aggregate supply.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q172: If there is a feedback loop (injections
Q173: If expectations are formed rationally, the government
Q174: An increase in inflationary expectations shifts the
Q175: Which of the following would not raise
Q176: Explain why, in a two- sector economy,
Q178: One reason why inflation targeting is likely
Q179: If the aggregate supply curve is vertical
Q180: Monetarists and Keynesians disagree over the nature
Q181: Rational expectations refers to expectations based on
Q182: If potential national income is £100 billion,