_____55. New Classical Economics stressed the importance of: maintaining long te

ID: 1209150 • Letter: #

Question

_____55. New Classical Economics stressed the importance of:

maintaining long term economic growth.

increasing intermediate term business investment.

limiting long term government involvement.

reducing short term unemployment.

reducing the level of inflation.

_____57. In Keynesian theory, an increase in business investment would lead to an increase in:

business output.

national income to households.

household consumption.

all of the above.

none of the above.

_____58. According to Keynes, the supply of money was:

a direct function of the interest rate.

an inverse function of aggregate demand.

fixed and controlled by the central bank.

if plotted, upward sloping to the right.

in direct relationship with the level of income.

55. maintaining long term economic growth.

57. business output.

58. an inverse function of aggregate demand.

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