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Author Question: Keynes believed that: a. discretionary fiscal policy was needed to stabilize the economy. b. wages ... (Read 25 times)

geoffrey

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on: Jun 30, 2018
Keynes believed that:
 a. discretionary fiscal policy was needed to stabilize the economy.
 b. wages are not flexible particularly in a downward direction.
 c. the economy could remain in a period of unemployment for a long time period.
  d. all of the above.

Question 2

An asset is said to be illiquid when:
 a. it lacks purchasing power.
  b. it cannot act as a store of value.
  c. it is an illegal tender.
  d. it cannot be readily exchanged for goods.
  e. it cannot be used to settle debts.


jordangronback

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Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

d


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