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Many economists challenged the idea of activist government intervention in the economy following the

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Many economists challenged the idea of activist government intervention in the economy following the

Question 1.

Among the propositions of the Keynesian school of thought is

▸ economic policies are ineffective.

▸ aggregate supply management is the key to a stable economy.

▸ aggregate demand determines equilibrium output.

▸ rational expectations.

Question 2.

Many economists challenged the idea of activist government intervention in the economy following the

▸ inflation of the 1970s and early 1980s.

▸ recession of 1974-1975.

▸ recession of 1980-1982.

▸ All of these.

Textbook

Principles of Economics

Edition: 12^th

Authors: Case, Fair, Oster

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Cele_1015

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More solutions for this book are available here

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rsbains Author

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Correct

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