Keynesians

question 31

Multiple Choice

Keynesians:

• A)accept the countercyclical policy of doing nothing, that is, allowing market forces to work.
• B)believe that the level of aggregate demand in the 1930s was sufficient to generate full employment.
• C)accept the fact that policymakers should eliminate inflation first before focusing on unemployment.
• D)focus on increasing aggregate demand in order to stimulate the economy.
• E)were prepared for the events that beset our economy in the 1970s and 1980s.

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Definitions:

Brand Loyal

The tendency of consumers to continuously purchase one brand's products over competing ones due to satisfaction, belief in the brand's superiority, or other factors.

Premium Quality

Products or services characterized by superior materials, craftsmanship, or performance that often justify a higher price.

Spending Power

The financial ability of individuals or groups to purchase goods and services, often influenced by income and economic conditions.