Economics Paper 20
1Macroeconomic theory that emphasised the theories of Keynes and deemphasised
the Classical theory developed as the result of the failure of
2Keynes believed falling wages were not a solution to persistent
unemployment because
3The practice of using fiscal and monetary policy to stabilize the economy is
known as
4According to Classical models, the level of employment is determined
primarily by
5According to Keynes, the level of employment is determined by
6According to the Classical model, unemployment
7To get the economy out of a slump, Keynes believed that the government
should
8Aggregate demand refers to the total demand for all domestically produced
goods and services in an economy generated from
9Government policies that focus on increasing production rather than demand
are called:
10Prices that do not always adjust rapidly to maintain equality between quantity
supplied and quantity demanded are
Result
Total Questions: | |
Correct Answers: | |
Wrong Answers: | |
Percentage: |
|