The Main Consequence of Keynesian Economics Is

question 179

Multiple Choice

The main consequence of Keynesian economics is:

• A) the development of economic policy rules.
• B) the rationale for macroeconomic policy activism.
• C) a consensus that fiscal policy is ineffective.
• D) a consensus that monetary policy is always effective.

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Definitions:

Mental Hospital

A healthcare facility specializing in the treatment and care of patients with psychological disorders.

Classical Conditioning

A learning process that involves pairing a previously neutral stimulus with an unconditioned stimulus to elicit a conditioned response.

Phobias

An intense, irrational fear of specific objects, situations, or activities that poses little to no actual danger.

Exposure Therapy

A psychological treatment method that involves confronting feared or traumatic memories, objects, or situations directly to reduce their associated anxiety.