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






  • 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.

  • 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.

  • Excellent Quality Work

    Grammar is one of the elements that we take seriously in our service delivery. Beside the use of spell checkers, we progressively take our writers through the essentials of a quality paper that features information clarity. Importantly, we encourage our writers to avoid coming up with a paper that deviates from the elements that appear on the client’s instruction brief. It means that the papers that we deliver denote well researched information that is rich in details. Additionally, the papers usually contain exhaustive details on any instruction that a client submitted. It is the tireless application of our writers’ efforts that makes us stand out when it comes to the delivery of excellent quality work. Notably, our writers use quality resources when digging up information that a paper requires. They are usually aware of the sources that contain rich information. Our past clients have proved that we give nothing short of quality work through giving us a positive feedback.

  • Professional Academic Writers

    An academic degree is one of the qualifications that our writers hold. This is only a minimum requirement that we ask from our writers, but the team also has writers who possess higher educational credentials. It means that the team comprises of competent writers who have gone through institutions of higher learning and passed their exams. Subsequently, the writers have a good grasp of what our clients require. It is notable that our writers not only want to apply their acquired knowledge, but they are also willing to help our clients to outperform them. This is a clear indication of a team that is willing to walk an extra mile. We uphold professionalism in our operations, and our clients should look forward to receive services from a team of experts. It is the spirit of value addition that makes us to scale any heights in order to deliver and outperform our clients’ expectations.




Related Questions