Author Question: If the economy is experiencing less than full-employment, the Keynesian school recommends that the ... (Read 18 times)

nelaaney · **on:** Jun 30, 2018

If the economy is experiencing less than full-employment, the Keynesian school recommends that the government:
a. do nothing to stimulate the economy.
b. undertake fiscal policy to stimulate aggregate demand.
c. undertake fiscal policy to stimulate aggregate supply.
d. balance the budget to stimulate aggregate demand.

Question 2

The choice of a voter to remain uninformed because the marginal cost of obtaining information is greater than the marginal benefit from obtaining knowledge is called:
a. irrational ignorance.
b. rational ignorance.
c. collective interest.
d. choice.