Keynesian Policy

question 80

Multiple Choice

Keynesian policy:

• A) refers to policies that actively shift aggregate demand in an effort to reach full employment.
• B) refers to fiscal policy.
• C) promotes spending more and taxing less to boost economic activity to potential GDP.
• D) All of these are true.

---

Definitions:

Pure Competition

A market structure characterized by a large number of sellers offering identical products or services, ensuring no single entity has market control.

Breach of Contract

The violation of any of the agreed-upon terms and conditions of a binding contract without lawful excuse.

Purchase Order

A purchase order is a written authorization for a supplier to deliver products or services at a specified price, which becomes a binding contract once it is accepted by the supplier.

Title

The legal right to own, use, or sell a particular piece of property or asset.