In the Keynesian model, employment (Points : 1)is determined by output.is determined by price level.determines the level...

Get help with any kind of assignment - from a high school essay to a PhD dissertation

  1. Order Custom Essay, Course Work, Research and Term Papers

In the Keynesian model, employment

April 14, 2018

In the Keynesian model, employment (Points : 1)
is determined by output.
is determined by price level.
determines the level of output.
depends on aggregate supply.
is independent of output.





Question 2. 2. Say's law states that supply creates its own demand because (Points : 1)
there is always a buyer for every good purchased.
supply prices are always equal to demand prices.
prices are such that producers know exactly how much to produce in the short run.
the act of producing creates income sufficient to purchase all that is produced.





Question 3. 3. Before Keynes, most economists and politicians believed in (Points : 1)
a cyclically balanced budget.
an annually balanced budget.
a structural deficit.
a budget that was balanced only at full employment.





Question 4. 4. When aggregate planned expenditure falls short of potential output, the economy experiences (Points : 1)
inflation.
inadequate supply.
a recessionary gap.
an equilibrium state.
a government budget deficit.





Question 5. 5. Keynes believed that the correct role for government during a depression was to (Points : 1)
shift aggregate supply.
increase the money supply.
shift money demand.
increase government spending or cut taxes.
balance the budget.





Question 6. 6. A laissez-faire attitude toward most markets is most closely associated with (Points : 1)
Keynesians.
monetarists.
classical economists.
supply siders.
Reaganomics.





Question 7. 7. Keynes blamed economic downturns primarily on (Points : 1)
the instability of consumption.
declines in the interest rate.
poor governmental management.
the instability of investment.
international trade.





Question 8. 8. The measure that shows how much of the deficit is due to a downturn in economic activity is (Points : 1)
the structural deficit.
the real deficit.
the actual deficit.
the cyclical deficit.
the budget deficit excluding Social Security accounts.





Question 9. 9. The Investment Tax Credit (Points : 1)
affects the level of output through changes in investment.
is a supply side policy, not fiscal policy.
is an automatic stabilizer.
changes the level of input through changes in employment.
is contractionary and does not affect the level of output.





Question 10. 10. If an economy has high unemployment, slow growth, and low inflation rates, an appropriate fiscal policy consists of (Points : 1)
lower taxes, higher government spending.
higher taxes, higher government spending.
higher taxes, lower government spending.
lower taxes, lower government spending.
higher taxes, no change in government spending.










OUR SERVICE CHARTER






  • 100% Plagiarism-Free Guarantee

    We deliver top-quality essays through employing various measures that seek to improve the content of a given assignment. One of the quality-control systems that we use entails plagiarism checkers. These systems help us to deliver a 100% plagiarism-free papers to our clients. We also value the originality of papers, and we do not resell any submitted paper. It means that every client always gets a unique paper. Additionally, our perfect team of writers is usually keen on the academic writing standards as well as the instructions brief that a client submits. Our team of writers holds matchless competence when it comes to its service delivery. Every member of the team usually has an academic degree, and the team’s diversified skills make it possible for us to have a qualified writer in any client’s area of study. Additionally, our past clients have always given a positive feedback on each of our writers.

  • Free Revisions

    The papers that we deliver usually reflect a high quality level. However, there is always a room for any additional fine-tuning touch in line with a client’s preference without any additional charges. To begin with, a client has discretion to make a choice on their preferred top writer from our team. Such a writer could have handled past work for the client and received a positive review from the same. It means that the client has confidence of the quality of service that the writer delivers. Secondly, a client has an option of making use of our editing services. Our editors are always on standby to revise the paper and ensure that it matches with the expectations of a client that the instruction brief had detailed. The revision covers content adjustment that removes off-topic details, addition of sources, removal of language style errors, and assessment of the referencing style in order to enhance compliance.

  • Money Back Guarantee

    If any of our writers deliver an incomplete or ambiguous paper that is off the topic, our clients can claim for a refund in regard to the oversight. We do not compromise our service delivery through submission of a paper that does not follow our clients’ instructions. We also mind about the interest of our customers, and we always give them value for their money. However, our clients have a choice to request for a free revision within 14-30 days, or depending on the length of the submitted paper. A client who needs a refund should send a request for it within 14 days after receiving the completed paper. If a client decides not to download the paper, then they can request for 100% refund. Any refunded amount usually goes to the client’s Bonus Balance as store credit. There is always extra compensation when the refund takes the form of store credit. Alternatively, the refunded amount can also go the client’s credit card.

  • 24/7 Customer Support

    Our team of writers prides in high-level competence. The writers have the required expertise that enables them to deliver quality papers that match with the requirements of the grading rubric. In the absence of the rubric, we ensure that the writers follow the clients’ instruction brief to the letter. We can confidently assure our clients to expect nothing short of a pass from the papers that we deliver. Importantly, we have qualified writers who handle different areas of study. This diversification enables us to allot clients’ orders to the writer who is well seasoned in the subject area of study. It also enables the team to become more professional due to specialization. Our clients should put their trust in our service delivery and expect to successfully attain high grades at all times. The fact that we offer free revision reflects our dedication in delivering high quality papers that match with our clients’ expectations.




Related Questions