Since what happens at the macro level is different than what happens at the micro level (macroeconomic externalities), in the Keynesian perspective... a. the government should be responsible for influencing aggregate demand and let prices and wages be set mostly by markets b. the government should be responsible for setting prices and wages throughout the economy but let aggregate demand be determined by markets c. the government should be responsible for influencing aggregate demand and setting prices and wages
Since what happens at the macro level is different than what happens at the micro level (macroeconomic externalities), in the Keynesian perspective... a. the government should be responsible for influencing aggregate demand and let prices and wages be set mostly by markets b. the government should be responsible for setting prices and wages throughout the economy but let aggregate demand be determined by markets c. the government should be responsible for influencing aggregate demand and setting prices and wages
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
Chapter12: Fiscal Policy, Incentives, And Secondary Effects
Section: Chapter Questions
Problem 13CQ
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Since what happens at the macro level is different than what happens at the micro level (macroeconomic externalities), in the Keynesian perspective...
a. the government should be responsible for influencing aggregatedemand and let prices and wages be set mostly by markets
b. the government should be responsible for setting prices and wages throughout the economy but let aggregate demand be determined by markets
c. the government should be responsible for influencing aggregate demand and setting prices and wages
a. the government should be responsible for influencing aggregate
b. the government should be responsible for setting prices and wages throughout the economy but let aggregate demand be determined by markets
c. the government should be responsible for influencing aggregate demand and setting prices and wages
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