Modern Keynesians believe that fiscal stimulus raises interest rates, which eliminates an AD excess.
Answer the following statement true (T) or false (F)
False
Modern Keynesians believe that fiscal stimulus shifts the AD curve to the right, thereby restoring full employment.
Economics
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Refer to the table above. What is the average (mean) monthly wage?
A) $450 B) $558 C) $612 D) $650
Economics
Using the information in Situation 20-1, the equilibrium level of aggregate output is
A) $900 B) $8,000 C) $9,000 D) $10,000
Economics
If households and firms expect higher rates of inflation, the ________ curve will shift ________.
A. SRAS; upward B. AD; until it becomes vertical C. SRAS; downward D. AD; rightward
Economics
A good that has external costs associated with its production will be
A) produced at the optimal level. B) underproduced. C) overproduced. D) not produced.
Economics