A Keynesian economist believes that
A) if the economy was left alone, it would rarely operate at full employment.
B) the economy is self-regulating and always at full employment.
C) the economy is self-regulating and will normally, though not always, operate at full employment if monetary policy is not erratic.
D) the economy is self-regulating and will normally, though not always, operate at full employment if fiscal policy is not erratic.
A
Economics
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An income tax system where higher tax rates are applied to increased amounts of income is called a:
A) regressive tax system. B) proportional tax system. C) progressive tax system. D) flat tax system.
Economics
History tells us that "fine tuning" of the tax code is likely to be in the public interest
a. True b. False
Economics