32 Keynesian economists believe that prices are sticky and slow to adjust, from whichthey conclude thata) an increase in savings is the only way to move the economy to fullemployment.b) long-run aggregate supply is the fundamental factor in the economy.c) no matter what factors change, the economy automatically maintains fullemployment.Od) the economy can self-correct without the need for government intervention.Oe government intervention is essential to move the economy back to fullemployment.

The macroeconomic economic theory of total expenditure in the economy and its consequences on…

Keynesian economists believe that prices are sticky and slow to adjust, from which they conclude that O a) an increase in savings is the only way to move the economy to full employment. O b) long-run aggregate supply is the fundamental factor in the economy. Og no matter what factors change, the economy automatically maintains full employment. Od) the economy can self-correct without the need for government intervention. O e) government intervention is essential to move the economy back to full emplovment

Keynesian economists believe that prices are sticky and slow to adjust, from which they conclude that O a) an increase in savings is the only way to move the economy to full employment. O b) long-run aggregate supply is the fundamental factor in the economy. Og no matter what factors change, the economy automatically maintains full employment. Od) the economy can self-correct without the need for government intervention. O e) government intervention is essential to move the economy back to full emplovment

MACROECONOMICS

14th Edition

ISBN:9781337794985

Author:Baumol

Publisher:Baumol

Chapter11: Managing Aggregate Demand: Fiscal Policy

Section: Chapter Questions

Problem 2TY

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