1. The focus of Keynesian methods to eliminate GDP Gaps are? A. The level of the money...
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Question:
1. The focus of Keynesian methods to eliminate GDP Gaps are?
A. The level of the money supply.
B. Aggregate Demand and the level of GDP.
C. Letting aggregate supply equalize in the long run
D. ALL of the above are equal targets.
2. What were the major differences between the Keynesian perspective and classical economics?
A. Keynesian thought depended on flexible prices and wages to keep the economy operating near optimum levels.
B. The Keynesian perspective focused on using monetary and fiscal policy in the short-run regardless on inflationary spikes
C. The classical perspective focused on using monetary and fiscal policy to fix the economy
D. none of the above
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