Which of the Following Economic Statements Would a Keynesian Economist

question 99

Multiple Choice

Which of the following economic statements would a Keynesian economist tend to support?

• A) It is never necessary for the government to intervene in the economy.
• B) The primary determinant of economic growth is long-run aggregate supply.
• C) The long run is much more important than the short run.
• D) Savings is a drain on demand.
• E) Prices tend to be flexible.

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Definitions:

Personnel Department

A division within a company responsible for managing human resources functions, including recruitment, training, and employee relations.

Number Of Employees

The total count of individuals employed by a business at any given time, either full-time or part-time.

Step-down Method

A cost allocation method used in managerial accounting to distribute overhead costs to various cost objects, considering the support departments provide to each other.

General Management

The executive and organizational activities involved in directing a company or one of its departments, focusing on strategy, policy development, and achieving business objectives.