Question
Which statement describes the focus of the Keynesian model? While focusing on the short-run adjustments of aggregate demand, Keynesian economics is also able to focus
Which statement describes the focus of the Keynesian model?
While focusing on the short-run adjustments of aggregate demand, Keynesian economics is also able to focus on the the long-term causes of economic growth or the natural rate of unemployment that exists even when the economy is producing at potential GDP.
By focusing on the short-run adjustments of aggregate demand, Keynesian economics risks overlooking the long-term causes of economic growth but not the natural rate of unemployment that exists even when the economy is producing at potential GDP.
By focusing on the short-run adjustments of aggregate demand, Keynesian economics risks overlooking the long-term natural rate of unemployment, but not the causes of economic growth that exists even when the economy is producing at potential GDP.
By focusing on the short-run adjustments of aggregate demand, Keynesian economics risks overlooking the long-term causes of economic growth or the natural rate of unemployment that exists even when the economy is producing at potential GDP.
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