An Important Distinction Between the Classical and Keynesian View of the Economy

question 100

Multiple Choice

An important distinction between the classical and Keynesian view of the economy is that

• A) Keynes stressed the supply side of an economy while classical economists stressed the demand side of the economy.
• B) classical economists argued that output gaps were caused by shifts in the long-run aggregate supply while Keynes' maintained that output gaps were created by shifts in aggregate demand.
• C) Keynes stressed the demand side of an economy while classical economists stressed the supply side of the economy.
• D) classical economists argued that output gaps were caused by shifts in the long-run aggregate supply while Keynes' maintained that output gaps were created by wage and price rigidities.

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Maximum Height

The tallest permissible or achievable height for a structure, vehicle, or component, often regulated for safety or operational reasons.

Highway Truck

A type of truck designed for long-distance transport, featuring characteristics suited for travel on highways such as higher speed capabilities and increased comfort features.

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Means by which axles are attached to the vehicle frame; supports the frame and dampens it from road shock using springs (leaf, air, torsion, rubber, etc).