Keynesian Economics Quiz

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Questions and Answers

According to Keynesian economics, what strongly influences economic output and inflation?

  • Government spending
  • Aggregate demand (correct)
  • Monetary policy
  • Productive capacity

What do Keynesian economists believe can mitigate economic fluctuations?

  • Isolationist economic policies
  • Complete reliance on market forces
  • Austerity measures
  • Coordinated economic policy responses (correct)

In the Keynesian view, what influences production, employment, and inflation?

  • Factors that sometimes behave erratically (correct)
  • Government regulations
  • International trade agreements
  • Technological advancements

What do Keynesian economists generally argue about aggregate demand?

<p>It is volatile and unstable (D)</p> Signup and view all the answers

What does Keynesian economics argue about the relationship between aggregate demand and the productive capacity of the economy?

<p>They are not necessarily equal (D)</p> Signup and view all the answers

What do Keynesian economists believe about the relationship between aggregate demand and the productive capacity of the economy?

<p>Aggregate demand does not necessarily equal the productive capacity of the economy (D)</p> Signup and view all the answers

What do Keynesian economists generally argue about aggregate demand?

<p>It is volatile and unstable (B)</p> Signup and view all the answers

How do Keynesian economists believe economic fluctuations can be mitigated?

<p>By coordinated economic policy responses between government and central bank (C)</p> Signup and view all the answers

What is the main influence on economic output and inflation according to Keynesian economics?

<p>Aggregate demand (B)</p> Signup and view all the answers

What do Keynesian economists argue about the relationship between demand and economic outcomes?

<p>Demand influences inefficient macroeconomic outcomes (B)</p> Signup and view all the answers

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