Keynesian economists worked at perfecting techniques of economic stabilization in order to fine-tune the economy
Indicate whether the statement is true or false
T
You might also like to view...
The investment by firms in the creation of products not yet available on the market is referred to as:
A) working capital. B) creative capital. C) innovation funds. D) research and development.
A decrease in the excess reserves banks want to hold, together with people depositing currency into their demand deposit accounts, would: a. increase the money supply
b. decrease the money supply. c. leave the money supply unchanged. d. have an indeterminate effect on the money supply.
If the interest rate is below the equilibrium, which of the following occurs in this market?
a. excess supply b. excess quantity supplied c. excess demand d. excess quantity demanded
The assumption that labor markets clear makes it very easy for the classical model to explain recessions
a. True b. False