By focusing on the short-run adjustments of aggregate demand, Keynesian economics risks _____________ the long-term causes of economic growth or the natural rate of unemployment that exists, even when the economy is producing at potential GDP.

a. overlooking
b. fueling
c. minimizing
d. increasing


a. overlooking

Economics

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Economists generally agree that increases in the minimum wage increase employment

Indicate whether the statement is true or false

Economics

"Every point on a demand curve represents a consumer equilibrium in the indifference curve model." Explain why the previous statement is correct or not

What will be an ideal response?

Economics

Local governments rely most heavily on

a. personal income taxes b. corporate income taxes c. estate taxes d. property taxes e. excise taxes

Economics

In a free market, a given unit of an input will be used by the firm that

a. earns the largest addition to total profit from the use of that unit of input. b. has the lowest marginal cost of producing another unit of output. c. sells its output for the highest price. d. earns the largest total profit.

Economics