- The Keynesian Point Of View Suggests That O Full Employment Is The Natural Result Of Market Forces Demand Creates Its 1 (43.6 KiB) Viewed 64 times
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Which of the following is not an aspect of Keynesian economics? O Unemployment is a temporary phenomenon. O Saving depends directly upon the level of income. O Supply does not necessarily generate its own demand. O Wages and prices tend to be inflexible downward.
Keynesians tend to believe that: expansionary monetary policy revives an economy from recession. laissez-faire policies stabilize market economies. monetary restraint aggravates inflationary pressures. the velocity of money rises if the money supply grows during recessions. O massive government spending and tax cuts are cures for recession.
There is a deflationary gap when: none of these occur. equilibrium GDP is larger than full employment GDP. O equilibrium GDP is smaller than full employment GDP. equilibrium GDP is equal to full employment GDP.
To close a deflationary gap we should: raise G and raise taxes. O lower G and raise taxes. raise G and lower taxes. G lower G and lower taxes.
Budget deficits are appropriate during: O inflations, but not recessions. recessions and inflations. recessions, but not inflations. O neither recessions nor inflations.