24. The purpose of the Keynesian analysis is to explain what determines the a. s

Question

24. The purpose of the Keynesian analysis is to explain what determines the
    a. size of the labor force
    b. price level
    c. amount of money required in the economy
    d. levels of national income, output, and employment

Q25. One major difference between Keynesian analysis and classical theory is that the classical theory assumes
    a. a market economy
    b. an agricultural economy
    c. full employment as a norm
    d. a constant money supply

Q26. Which of the following tend to be at a disadvantage in periods of rising prices?
    a. debtors
    b. people with fixed incomes
    c. salespeople whose commissions are very susceptible to price changes
    d. all of these

Q27. Excess reserves are the amount of money a bank
    a. is required to hold against its checkable deposits
    b. is required to hold against its checkable deposits and savings accounts
    c. has in excess of its required reserves
    d. usually holds to be ready to meet unexpected withdrawals

Q28. Money is defined as
    a. the currency of a nation
    b. anything that is commonly accepted in exchange for other goods and services
    c. currency that has been designated as legal tender
    d. notes issued by the U. S. Treasury and backed by gold

Q29. If the CPI is 150, the value of the dollar now compared to in the base period is
    a. $1. 50
    b. $1
    c. $0. 67
    d. $0. 50

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24)

d. levels of national income, output, and employment.

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