The Key Difference Between Keynesian and Classical Economists Is

question 21

Multiple Choice

The key difference between Keynesian and Classical economists is

• A)Keynesians believe that monetary and fiscal policies are detrimental to the economy.
• B)Keynesians believe wages and prices are perfectly flexible.
• C)Keynesians favour a role for government in managing the economy.
• D)Classical economists propose a "menu cost" model.
• E)Classical economists favour a role for government in managing the economy.

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Definitions:

Hemizygous

Relates to having only a single copy of a gene instead of the typical two; common in sex-linked traits where the gene is located on a sex chromosome.

X-linked Alleles

Alleles that are located on the X chromosome, which can result in different patterns of inheritance and expression in males and females due to the presence of a single X chromosome in males.

Homozygous

Having two identical alleles of a particular gene or genes, resulting in a specific genotype for that trait.

Heterozygous

Having two different alleles at a specific locus on a pair of homologous chromosomes, resulting in genetic variation.