This topic contains a solution. Click here to go to the answer

Author Question: According to John Maynard Keynes: a. aggregate expenditures (demand) can be forever inadequate to ... (Read 69 times)

ssal

  • Hero Member
  • *****
  • Posts: 572
According to John Maynard Keynes:
 a. aggregate expenditures (demand) can be forever inadequate to achieve full employment.
  b. aggregate output (supply) can be forever inadequate to achieve full employment.
  c. the economy would automatically adjust to full employment in the long run.
  d. neither aggregate demand nor aggregate supply is a determinant of full-employment real GDP.

Question 2

According to public choice theory, why might government policy benefit only a narrow interest group?
 a. If the benefits to the narrow interest group are relatively large, they have an incentive to invest a lot of money and effort in lobbying government.
  b. If the costs of this policy are spread out among the general population, and are a very small burden for anyone person, then those paying the costs have little incentive to organize opposition.
  c. Both a. and b. are correct.
  d. None of the above is correct.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

LegendaryAnswers

  • Sr. Member
  • ****
  • Posts: 341
Answer to Question 1

a

Answer to Question 2

c




ssal

  • Member
  • Posts: 572
Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it


Sarahjh

  • Member
  • Posts: 370
Reply 3 on: Yesterday
Excellent

 

Did you know?

Of the estimated 2 million heroin users in the United States, 600,000–800,000 are considered hardcore addicts. Heroin addiction is considered to be one of the hardest addictions to recover from.

Did you know?

Ether was used widely for surgeries but became less popular because of its flammability and its tendency to cause vomiting. In England, it was quickly replaced by chloroform, but this agent caused many deaths and lost popularity.

Did you know?

The U.S. Pharmacopeia Medication Errors Reporting Program states that approximately 50% of all medication errors involve insulin.

Did you know?

Once thought to have neurofibromatosis, Joseph Merrick (also known as "the elephant man") is now, in retrospect, thought by clinical experts to have had Proteus syndrome. This endocrine disease causes continued and abnormal growth of the bones, muscles, skin, and so on and can become completely debilitating with severe deformities occurring anywhere on the body.

Did you know?

Never take aspirin without food because it is likely to irritate your stomach. Never give aspirin to children under age 12. Overdoses of aspirin have the potential to cause deafness.

For a complete list of videos, visit our video library