The Keynesian View of the World Is That the

question 78

Multiple Choice

The Keynesian view of the world is that the

• A)self-correcting mechanism is unreliable.
• B)benefits of fighting unemployment are high and the costs are low.
• C)short-run Phillips curve is relatively flat.
• D)All of the above are correct.

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Definitions:

Robert Frank

An American economist known for his work in the areas of microeconomics and behavioral economics, particularly relating to consumer behavior and the economics of well-being.

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Production Worker

An employee engaged in manufacturing goods or operating machinery in a production process.

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An increase in the amount of money earned by an individual or household over a period.