Which of the Following Statements About the Keynesian View of the Macroeconomy

question 130

Multiple Choice

Which of the following statements about the Keynesian view of the macroeconomy is incorrect?

• A)Technological change is the most significant influence on both aggregate demand and aggregate supply.
• B)To achieve and maintain full employment, active help from fiscal policy and monetary policy is required.
• C)Expectations are based on "animal spirits."
• D)The money wage rate is extremely sticky in the downward direction so there is no automatic mechanism for eliminating a recessionary gap.
• E)Expectations are the most significant influence on aggregate demand.

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