Author Question: Keynesians have been critical of supply-side economics because it ignores a. the natural rate of ... (Read 40 times)

darbym82 · **on:** Jun 30, 2018

Keynesians have been critical of supply-side economics because it ignores

a. the natural rate of unemployment
b. exogenous supply-shocks
c. distributional issues.
d. the costs of high inflation.

Question 2

The Keynesian revolution

a. was an attack on the classical supply-determined, full-employment theory of output and employment.
b. attacked the quantity theory of money.
c. shared with the classical model the belief that prices and wages are perfectly flexible.
d. All of the above
e. both a and b.