Answer Happy

The Keynesian point of view suggests that: O full employment is the natural result of market forces. demand creates its own supply. the market is always at equilibrium. wage and price controls can halt deflationary pressures. O supply creates its own demand.
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.