In Developing His Macroeconomic Theory, Keynes

question 115

Multiple Choice

In developing his macroeconomic theory, Keynes

• A) focused primarily on how potential GDP can change over time.
• B) focused on how fiscal policy can change potential output.
• C) was concerned with output gaps and how they could be eliminated.
• D) was primarily concerned with the supply-side of the economy and how producer behavior led to output gaps.