Author Question: The Keynesian approach assumes that A) the economy is self-regulating. B) there is no ... (Read 203 times)

magmichele12 · **on:** Jun 30, 2018

The Keynesian approach assumes that

A) the economy is self-regulating. B) there is no unemployment in the economy.
C) the price level is fixed. D) the government budget is always in deficit.

Question 2

The price of a given basket of goods in Year 1 was 1,300. The price of the same basket of goods in Year 2 was 1,560. The consumer price index for Year 2 taking Year 1 as the base year is ________.

A) 120 B) 156 C) 100 D) 101