Multiple Choice
Keynes was not concerned with:
A) problems of inflation but his theory helps to fight supply-push inflation.
B) problems of interest rates but his theory helps to fight deflation.
C) problems of investments but his theory helps to fight demand-pull inflation.
D) problems of inflation but his theory helps to fight demand-pull inflation.
Correct Answer:
Verified
Correct Answer:
Verified
Q11: The idea that government spending can be
Q14: As income grows, the consumption:<br>A) decreases.<br>B) grows
Q16: Suppose workers become pessimistic about their future
Q17: In the aggregate demand-output model, if an
Q18: Aggregate expenditures are the sum of:<br>A) consumption,
Q19: The aggregate demand is:<br>A) C + I
Q20: When the AS curve is vertical at
Q21: The relationship between consumer expenditures and disposable
Q51: Aggregate demand's downward-sloping character reflects three principal
Q89: An increase in the price level caused