Multiple Choice
The Employment Act of 1946
A) implies that the government should avoid being a cause of economic fluctuations.
B) implies that the government should respond to changes in the private economy to stabilize aggregate demand.
C) reflected the ideas promoted in Keynes's influential book,The General Theory of Employment,Interest,and Money.
D) All of the above are correct
Correct Answer:
Verified
Correct Answer:
Verified
Q3: Suppose aggregate demand shifts to the left
Q4: Which of the following statements generates the
Q5: Figure 34-9 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2297/.jpg" alt="Figure 34-9
Q6: Macroeconomic forecasts are<br>A)precise;this makes policy lags less
Q9: Which of the following is not an
Q10: Keynes argued that<br>A)irrational waves of pessimism cause
Q11: Suppose there is a tax increase.To stabilize
Q12: Keynes argued that aggregate demand is<br>A)stable,because the
Q73: Other things the same, automatic stabilizers tend
Q75: Monetary policy affects the economy with a