A Neoclassical Critic of Keynesianism Would Be Most Likely to Make

question 60

Multiple Choice

A neoclassical critic of Keynesianism would be most likely to make which of these arguments?

• A)Economic downturns are largely a result of decreased productivity and not a slump in consumption as Keynesians believe.
• B)Keynesians are wrong to assert that higher taxes on the wealthy will stimulate consumer spending at the lower ends of the economy.
• C)Keynesian policy relies on politicians to decrease spending during economic boom times,but politicians are generally unwilling to do this.
• D)The economy does not respond to any type of government economic policy,so it is foolish to believe that the business cycle can be managed.

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Definitions:

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Healthy Family

A family characterized by supportive, loving relationships, effective communication, and behaviors that promote the physical and mental well-being of its members.

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A holistic approach to maintaining a healthy lifestyle, focusing on physical, mental, and emotional health.