Author Question: Keynes emphasized the idea that wages and prices adjusted very rapidly bringing an economy back to ... (Read 68 times)

gonzo233 · **on:** Jun 30, 2018

Keynes emphasized the idea that wages and prices adjusted very rapidly bringing an economy back to the full employment level of output.
a. True
b. False
Indicate whether the statement is true or false

Question 2

The higher the level of inflation, the stronger the impact of reductions in the personal income tax on real GDP .
a. True
b. False
Indicate whether the statement is true or false