The school of thought that emphasizes the possibility that an economy can be in equilibrium at less than full employment with inflation and argues that by managing aggregate demand, government can achieve the most acceptable combination of unemployment and inflation is the
a. Keynesian
b. neo-Keynesian
c. monetarist
d. supply-side school
e. rational expectations school
B
Economics
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The number of times per year each dollar is used to transact an exchange is the:
a. quantity theory of money. b. velocity of money. c. equation of exchange. d. turnover rate. e. expenditure rate.
Economics
If the rates of return in a particular country appear to be relatively low, then that country will tend to attract funds from abroad
a. True b. False Indicate whether the statement is true or false
Economics