Keynes believed the government should
a. control wages and prices to ensure full employment.
b. ensure that workers earned high wages and full employment.
c. ensure that aggregate demand was high enough to ensure full employment.
d. ensure aggregate demand was high enough to control the economy.
c. ensure that aggregate demand was high enough to ensure full employment.
You might also like to view...
Refer to Table 2-14. Scotland has a comparative advantage in the production of
A) motorcycles. B) guitars. C) both products. D) neither product.
All else equal, a forecast regression with a R2 of ________ is more valuable than a forecast regression with a R2 of ________.
A) 0.85; 0.95 B) 0.50; 0.80 C) 0.80; 0.50 D) 0.75; 0.90
In 2013, which of the following countries’ exports of goods and services as a percentage of GDP exceeded 50%?
a. United States b. Canada c. India d. Korea
The Fed may also lend to insolvent banks, rather than winding them down, in order to:
A. keep financial markets guessing about its strategy. B. address the problem of systemic risk. C. keep the money supply from falling too much. D. secure politically powerful allies.