According to Keynesian Macroeconomists,prices Adjust ________ to Shocks,so the Government

question 7

Multiple Choice

According to Keynesian macroeconomists,prices adjust ________ to shocks,so the government should ________.

• A)slowly; do little
• B)rapidly; do little
• C)rapidly; fight recessions
• D)slowly; fight recessions

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Definitions:

Tension

A mental or physical state resulting from stress or strain, often characterized by feelings of anxiety or discomfort.

Primary Drives

States of tension or arousal that arise from a biological need and are unlearned.

Reduction

In psychology, it refers to simplifying a complex phenomenon by breaking it down into its component parts for easier study or understanding.

Motivation

All the processes that initiate, direct, and sustain behavior.