Keynes believed that the economy does not automatically move toward an equilibrium at full employment

a. True
b. False
Indicate whether the statement is true or false

True

Economics

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An economy's ________ will fall if its real interest rate rises

A) labor supply B) real wage rate C) supply of credit D) real output

Economics

Refer to Scenario 18.1. Which of the following is TRUE?

A) The factory will never agree to B, because that would leave them with much less profit than the fishermen. B) C will never occur because that would leave the fishermen with much less profit than the factory. C) If the factory refused to install a filter, the fishermen would refuse to install a treatment plant. D) The factory must install a filter, because they contaminate the water. E) The profits above indicate profit before any agreement is made, and profit varies enough to make a mutually acceptable agreement possible.

Economics