Business, 05.03.2020 23:54 jules8022

Consider the following statements about the macroeconomy. For each, indicate whether the statement best distinguishes the strict Keynesian view, strict classical view, or neither of these views a. All prices are completely flexible. b. The primary focus is on aggregate supply. c. Spending is the key determinant of output. d. Capital is the key source of economic growth. e. Saving can be detrimental to the economy. f. The macroeconomy generally takes care of itself. g. Every dollar borrowed requires a dollar saved. h. The macroeconomy is inherently unstable. i. Full employment is at the natural rate of unemployment. j. Some prices don't adjust downward.

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Consider the following statements about the macroeconomy. For each, indicate whether the statement b...

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