Recent Lessons

Show all results for ""

Feature Overview

Ace your exams with our all-in-one platform for creating and sharing quizzes and tests.

Quizzes

Create quizzes and tests automatically from your content using AI.

Flashcards

Automatically turn your notes into digital flashcards.

Share, Export & Embed

Share with classmates or export to Excel and your learning management system.

Stats & Reporting

Auto-grading quizzes and tests with detailed stats and reports.

Mobile Apps

The smarter way to study – wherever you are.

Pricing Schools Business

Features Pricing Schools Business

5 Questions

1 Views

Macroeconomics and Keynes

Choose a study mode

Play Quiz

Study Flashcards

Spaced Repetition

Chat to lesson

Podcast

Play an AI-generated podcast conversation about this lesson

Questions and Answers

Who is considered the founder of macroeconomics?

Adam Smith

Milton Friedman

John Maynard Keynes (correct)

Karl Marx

What is the main reason neoclassical 'laissez-faire' proved ineffective during the crisis?

Insufficient demand (correct)

High inflation

Excessive government intervention

Low interest rates

What is the difference between a recession and a depression?

Depression is caused by fiscal policy while recession is caused by monetary policy

Recession is a state of economic growth while depression is a state of economic decline

Depression is a state of high inflation and unemployment

Depression is a more severe form of recession (correct)

What is stagflation?

<p>A state of simultaneous high inflation and unemployment (C)</p> Signup and view all the answers

What do short-term fluctuations in price levels (P) and national income (Y) represent?

<p>Business cycles (B)</p> Signup and view all the answers

Macroeconomics and Keynes

Choose a study mode

Podcast

Questions and Answers

Who is considered the founder of macroeconomics?

What is the main reason neoclassical 'laissez-faire' proved ineffective during the crisis?

What is the difference between a recession and a depression?

What is stagflation?

What do short-term fluctuations in price levels (P) and national income (Y) represent?

More Like This

Macroeconomics Cheat Sheet Flashcards

Macroeconomics Chapter 4 Flashcards

Macroeconomics Overview and Concepts

Macroeconomics Flashcards