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According to Keynesian economics, what is the primary focus for managing the economy?
According to Keynesian economics, what is the primary focus for managing the economy?
- Passive government policy
- Active government policy (correct)
- International trade agreements
- Market forces
What is the central belief of Keynesian economics?
What is the central belief of Keynesian economics?
- Market forces are self-regulating
- Monetary policy is sufficient for economic stability
- Tax cuts alone can stimulate demand
- Government intervention can stabilize the economy (correct)
What did Keynes advocate for based on his theory of Keynesian economics?
What did Keynes advocate for based on his theory of Keynesian economics?
- Decreased government expenditures and higher taxes
- Privatization of public services
- Increased government expenditures and lower taxes (correct)
- Complete reliance on free market forces
In Keynesian economics, what are the primary tools recommended to manage the economy and fight unemployment?
In Keynesian economics, what are the primary tools recommended to manage the economy and fight unemployment?
According to Keynesian economics, what can achieve optimal economic performance and prevent economic slumps?
According to Keynesian economics, what can achieve optimal economic performance and prevent economic slumps?
What is the focus of Keynesian economics in terms of total spending in the economy?
What is the focus of Keynesian economics in terms of total spending in the economy?
According to Keynesian economics, what intervention can achieve full employment and price stability?
According to Keynesian economics, what intervention can achieve full employment and price stability?
What was the main criticism of Keynes against the British government at the time?
What was the main criticism of Keynes against the British government at the time?
In Keynesian economics, what is the effect of excessive saving on the economy?
In Keynesian economics, what is the effect of excessive saving on the economy?
What did Keynes propose as a solution to economic misery?
What did Keynes propose as a solution to economic misery?
According to Keynesian theory, what is one of the chief components of fiscal policy?
According to Keynesian theory, what is one of the chief components of fiscal policy?
What did Keynes argue against, as represented in his book The General Theory of Employment, Interest and Money?
What did Keynes argue against, as represented in his book The General Theory of Employment, Interest and Money?
What is another name for Keynesian economics, based on the context provided?
What is another name for Keynesian economics, based on the context provided?
According to Keynes' proposal, what would an increase in consumer demand lead to?
According to Keynes' proposal, what would an increase in consumer demand lead to?
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