10 Questions
According to Keynesian economics, what strongly influences economic output and inflation?
Aggregate demand
What do Keynesian economists believe can mitigate economic fluctuations?
Coordinated economic policy responses
In the Keynesian view, what influences production, employment, and inflation?
Factors that sometimes behave erratically
What do Keynesian economists generally argue about aggregate demand?
It is volatile and unstable
What does Keynesian economics argue about the relationship between aggregate demand and the productive capacity of the economy?
They are not necessarily equal
What do Keynesian economists believe about the relationship between aggregate demand and the productive capacity of the economy?
Aggregate demand does not necessarily equal the productive capacity of the economy
What do Keynesian economists generally argue about aggregate demand?
It is volatile and unstable
How do Keynesian economists believe economic fluctuations can be mitigated?
By coordinated economic policy responses between government and central bank
What is the main influence on economic output and inflation according to Keynesian economics?
Aggregate demand
What do Keynesian economists argue about the relationship between demand and economic outcomes?
Demand influences inefficient macroeconomic outcomes
Test your knowledge of Keynesian economics with this quiz. Explore the theories and models of aggregate demand, economic output, and inflation, as proposed by renowned economist John Maynard Keynes.
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