According of Keynes, the level of employment is determined by ?

Related Mcqs:

Prices that do not always adjust rapidly to maintain equality between quantity supplied and quantity demanded are ?

A. market prices B. sticky prices C. fixed prices D. regulatory prices...

According to the classical economists the economy ?

A. requires fine tuning to reach full employment B. can never deviate from full employment C. will never be at full employment D. is self-correcting....

Keynesian economics became popular because it was able to explain ?

A. stagflation in the late 1970s B. demand-pull inflation in the 1960s C. low growth rates in the 1950s D. The prolonged existence of high unemployment during the Great depression...

The nation that the government can establish the macroeconomic is known as ?

A. fine tuning B. monestarism C. microeconomics foundations of macroeconomics D. the classical model...

People are said to have rational expectations if they ?

A. assume that this year’s inflation rate will be the same as last year’s inflation rate B. merely guess at the inflation rate. C. assume that this year’s inflation rate will be equal to the average inflation rate over the past 10 years D. Use all available information in forming their expectations....