Which Statement Is FALSE? Keynesian Economics

question 194

Multiple Choice

Which statement is FALSE? Keynesian economics:

• A) emphasizes the effects of shifts in aggregate demand on aggregate output.
• B) focuses the attention of economists on situations in which the short-run aggregate supply curve slopes upward.
• C) holds "animal spirits" mainly responsible for business cycles.
• D) holds that changes in business confidence have no effect on either the aggregate price level or aggregate output.

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Definitions:

Age

A measure of the amount of time that a person or object has existed since its beginning.

Importance of Voting

The significance of participating in elections as a means of influencing government decisions and policies.

Election

A formal decision-making process by which a population chooses an individual or multiple individuals to hold public office.

Interdependent Self-Construal

A view of the self as part of a larger social network, where relationships and interconnectedness with others are emphasized.