Keynesian economists (as opposed to monetarist economists) argue that
A. the economy will quickly return to equilibrium via natural forces.
B. the government should use macro policy to keep the economy from getting too far from full employment equilibrium.
C. monetary policy should be used according to strict rules.
D. Keynesian economists argue all of these statements.
B. the government should use macro policy to keep the economy from getting too far from full employment equilibrium.
You might also like to view...
When John was in college and his income was low, he drank "Red Ribbon" beer. As his income increased, he purchased better-quality beer and less "Red Ribbon." Which graph in the above figure best represents John's Engel curve for "
A) Graph A B) Graph B C) Graph C D) Graph D
__________ countries have explicit requirements about the number of parties that can participate in an election.
A. Most B. Few C. None D. All
The worst remedy for curing the U.S. trade deficit is to
a. increase U.S. personal saving. b. reduce the budget deficit. c. encourage all nations to lower trade barriers. d. limit imports by imposing tariffs, quotas, and other trade restrictions.
A farm can produce 10,000 bushels of wheat per year with 5 workers and 13,000 bushels with 6 workers. The marginal product of the sixth worker for this farm is:
a. 500 bushels. b. 10,000 bushels. c. 23,000 bushels. d. 3,000 bushels.