If prompted to describe fundamental beliefs about the economy, a Keynesian economist would state that O a) prices are flexible. O b) the long run is more important than the short run. Oc) the market tends toward stability and full employment. Od) savings is crucial to growth. O e) more focus should be placed on the short run than on the long run.

If prompted to describe fundamental beliefs about the economy, a Keynesian economist would state that O a) prices are flexible. O b) the long run is more important than the short run. Oc) the market tends toward stability and full employment. Od) savings is crucial to growth. O e) more focus should be placed on the short run than on the long run.

Economics: Private and Public Choice (MindTap Course List)

16th Edition

ISBN:9781305506725

Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

Chapter10: Dynamic Change, Economic Fluctuations, And The Ad-as Model

Section: Chapter Questions

Problem 12CQ

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