1. Business
  2. Economics
  3. home study business economics economics questions...

Question: home study business economics economics questions...

Question details

home / study / business / economics / economics questions and answers / which one of the following statements best represents the keynesian perspective? build things ...

Question: Which one of the following statements best represents the Keynesian Perspective? Build things...

Which one of the following statements best represents the Keynesian Perspective?

Build things so long as the supply is there.
People’s demand determines what is built.
Build it and they will come.

Keynes argued that the private sector was ________. As a result, government should ________ in managing the economy.

unable to keep the economy at full employment; take an active role
able to keep the economy at full employment; take an passive role
unable to keep the economy at full employment; take an passive role

What does a Keynesian analysis of economics assume?

It is aggregate supply that is the primary determinant of economic output..
Macroeconomics must focus on growth in the long-term.
Prices are sticky.

Aggregate demand is influenced by the government in through what significant ways?

raising or lowering export production; decreasing or increasing business confidence
raising or lowering tariffs; decreasing or increasing interest rates
raising or lowering tax rates; decreasing or increasing spending
Solution by an expert tutor
Blurred Solution
This question has been solved
Subscribe to see this solution