Keynesians and Non-Keynesians Would Largely Agree on Which One of the Following

question 133

Multiple Choice

Keynesians and non-Keynesians would largely agree on which one of the following statements?

• A) Expansionary fiscal policy will tend to substantially increase current real output.
• B) Proper timing of discretionary fiscal policy is difficult to achieve.
• C) The use of discretionary fiscal policy is an important stabilization tool.
• D) Market forces will automatically direct the economy toward full employment.

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Definitions:

Status

The relative social, professional, or other standing of someone or something.

Equity

The principle of fairness and impartiality, often referenced in contexts like finance, social justice, and law.

Norms

Shared guidelines or expectations within a society or group about how people should behave.

Significant Others

People whose views and attitudes are very important and worthy of consideration. The reflected views of a significant other have great influence on the individual’s self-concept and self-regulation.