Keynesian economics became popular because it was able to explain ?

Related Mcqs:

New classical theories were an attempt to explain ?

A. how unemployment could have persisted for so long during the Great Depression B. The increase in the growth rate of real output in the 1950s C. the stagflation of the 1970s D. Why policy changes that are perceived as permanent have more of an impact on a person’s behaviour than policy changes that are … New classical theories were an attempt to explain ?Read More...

A group of modern economists who believe that markets clear very rapidly and that expanding the money supply will always increase prices rather than employment are the ?

A. Keynesians B. post-keynesians C. monetarists D. new classical school...

A group of modern economists who believe that institutional factors and confidence strongly influence business behaviour and that expanding demand will usually increase output rather than prices are the ?

A. monetarists. B. keynesians C. post-keynesians D. new classical school...

The economists who emphasised wage flexibility as a solution for unemployment were ?

A. new-Keynesian. B. post-Keynesian. C. classical economists. D. Keynesian....

The regarding the new classical macroeconomics is hoe realistic is the assumption ?

A. that monetary policy affects aggregates demand B. that markets do not clear quickly C. that fiscal policy affects aggregate demand D. of rational expectations....