Keynesian economists believe government intervention in the economy is necessary because a) supply is more important than demand in determining economic growth and output. Ob) the long run is more important than the short run, and economic policy works only in the long run. Oc) savings is a crucial part of economic growth and investment. O d) prices are flexible and allow the economy to quickly return to full employment. prices are sticky and prevent the economy from moving toward full amnloume

Keynesian economists believe government intervention in the economy is necessary because a) supply is more important than demand in determining economic growth and output. Ob) the long run is more important than the short run, and economic policy works only in the long run. Oc) savings is a crucial part of economic growth and investment. O d) prices are flexible and allow the economy to quickly return to full employment. prices are sticky and prevent the economy from moving toward full amnloume

Macroeconomics: Private and Public Choice (MindTap Course List)

16th Edition

ISBN:9781305506756

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

Chapter11: Fiscal Policy: The Keynesian View And Historical Development Of Macroeconomics

Section: Chapter Questions

Problem 2CQ

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