Which of the Following Statements About Keynesian Views Is True

question 22

Multiple Choice

Which of the following statements about Keynesian views is true?

• A) Keynes' analysis was mainly concerned with the long-run
• B) Keynes fully supported the classical view that markets were efficient and cleared quickly
• C) Demand deficient output meant that governments had a responsibility to boost demand to maintain full employment in the short term
• D) Responsibility for fiscal policy should be transferred to central banks because governments could not be trusted to implement tax changes appropriately in times of recession.

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Definitions:

Personality Type

A classification of individuals based on shared psychological characteristics, often used in describing predictable behaviors and thought patterns.

Intrinsic Satisfaction

Fulfillment or pleasure derived from engaging in an activity for its own sake, rather than for external rewards.

Detached

Being emotionally disengaged or separated from a situation, often to maintain objectivity or prevent bias.

Neurotic Needs

Psychological needs that are compulsive and unrealistic, often resulting from anxiety and insecurity.