Which of the Following Economic Statements Would a Keynesian Economist

question 116

Multiple Choice

Which of the following economic statements would a Keynesian economist tend to support?

• A) Government intervention in the economy is unnecessary.
• B) The short run deserves more attention than the long run.
• C) The key determinant of economic growth is long-run aggregate supply.
• D) Savings is a crucial component of economic growth.
• E) The economy tends to be stable and at full employment.

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Definitions:

Interstate Commerce

The exchange, movement, or transfer of goods and services across state lines within the United States.

National Government Supremacy

The principle that the federal or national government has predominant power and authority over regional or state governments, especially in legislative matters.

Commerce Among States

The regulation of trade and business across state lines, often governed by federal law in contexts such as the United States.

Gibbons v. Ogden

A landmark Supreme Court case in 1824 that clarified the scope of the U.S. Congress's legislative power over interstate commerce.