Macroeconomics Private and Public Choice

Business

Quiz 11 :

Fiscal Policy: the Keynesian View and the Historical Development of Macroeconomics

Quiz 11 :

Fiscal Policy: the Keynesian View and the Historical Development of Macroeconomics

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In the Keynesian view, equilibrium takes place when
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B

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Which of the following would a Keynesian economist be most likely to stress?
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B

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The Great Depression provided support for Keynes' view that
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B

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If an economy were experiencing a high rate of unemployment as the result of weak aggregate demand, a Keynesian economist would be most likely to recommend
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When Keynesian equilibrium is present,
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Keynes rejected the view that lower wages would direct a recessionary economy back to full employment because
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Which of the following is a problem with discretionary fiscal policy as an economic stabilization tool?
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The Keynesian model provided an explanation for
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Within the framework of the Keynesian model, if spending is abnormally low,
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A major advantage of built-in or automatic stabilizers is that they
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Prior to the time of John Maynard Keynes, most economists stressed that
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The multiplier principle indicates that if business decision makers become more optimistic about the future and, as a result, increase their investment expenditures by $82 billion, real GDP
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Keynesian economists believed that the prolonged unemployment of the 1930s was the result of
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Within the framework of the Keynesian model,
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Which of the following is an important insight of Keynesian analysis?
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Prior to the Great Depression, most economists believed that a recessionary downturn would be reversed by
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The 1930s were a period of
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According to the Keynesian view, the prolonged unemployment of the Great Depression
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Rather than seeking to balance the budget, Keynesian economists argue that the government's tax and spending policies should be determined by the
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Within the Keynesian model, if the output of an economy is less than the full-employment level, then
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