QUESTION 65 What is the Keynesian prescription for inflation? A. Keynesians prescribe increasing aggregate demand through government spending O B. Keynesians prescribe decreasing aggregate demand through fiscal restraint OC. Keynesians prescribe decreasing aggregate demand through increased government spending O D. Keynesians prescribe increasing aggregate demand through fiscal restraint

ENGR.ECONOMIC ANALYSIS
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Q65
QUESTION 65
What is the Keynesian prescription for inflation?
A. Keynesians prescribe increasing aggregate demand through government spending
O B. Keynesians prescribe decreasing aggregate demand through fiscal restraint
Oc. Keynesians prescribe decreasing aggregate demand through increased government spending
O D. Keynesians prescribe increasing aggregate demand through fiscal restraint
QUESTION 66
Summarize the Keynesian model:
A. The short-term Keynesian model is built on the importance of aggregate supply as a cause of
business cycles and a degree of wage and price rigidity, but does a poor job of explaining many reces
cyclical unemployment rises and falls.
B. The Keynesian model emphasizes aggregate supply by focusing on the underlying determinants of o
employment in markets, and thus tends to put more emphasis on economic growth and how labor ma
Transcribed Image Text:QUESTION 65 What is the Keynesian prescription for inflation? A. Keynesians prescribe increasing aggregate demand through government spending O B. Keynesians prescribe decreasing aggregate demand through fiscal restraint Oc. Keynesians prescribe decreasing aggregate demand through increased government spending O D. Keynesians prescribe increasing aggregate demand through fiscal restraint QUESTION 66 Summarize the Keynesian model: A. The short-term Keynesian model is built on the importance of aggregate supply as a cause of business cycles and a degree of wage and price rigidity, but does a poor job of explaining many reces cyclical unemployment rises and falls. B. The Keynesian model emphasizes aggregate supply by focusing on the underlying determinants of o employment in markets, and thus tends to put more emphasis on economic growth and how labor ma
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