The Keynesian approach to government economic policy: a. has ...

[nenivikky]

The Keynesian approach to government economic policy:
 a. has emphasized the role of individual self-interest as a powerful stabilizing force.
  b. has consistently failed to reduce fluctuations in economic activity.
 c. was ineffective during the 1960s.
 d. highlighted the role of aggregate demand.
 e. was rechristened supply-side economics around 1980.

Question 2

In a monopolistic competitive industry, short-run economic profit encourages entry of new firms until there are no economic profits in the long-run.
 a. True
  b. False
  Indicate whether the statement is true or false

[ms_sulzle]

Answer to Question 1

d

Answer to Question 2

True

[nenivikky]

Excellent

[recede]

Gracias!