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:

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A landmark 1973 United States Supreme Court decision that ruled state laws restricting a woman's right to an abortion during the first trimester of pregnancy were unconstitutional.

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A legal doctrine used to determine under what circumstances limits can be placed on First Amendment freedoms of speech, press, or assembly.

Supreme Court

The highest federal court in the United States, with the ultimate authority in interpreting the U.S. Constitution and federal laws.