Asked by
ariana smith
on Oct 13, 2024
Verified
In the Keynesian view of macroeconomic equilibrium during a depression,aggregate demand and aggregate supply intersect
A) in the horizontal segment of the aggregate supply curve.
B) in the horizontal segment of the aggregate demand curve.
C) in an upward-sloping segment of the aggregate supply curve.
D) in the vertical segment of the aggregate supply curve.
E) in the vertical segment of the aggregate demand curve.
Keynesian View
A perspective in economics based on the ideas of John Maynard Keynes, suggesting that aggregate demand is the primary driving force in an economy, and advocating for active government intervention to manage economic cycles.
Macroeconomic Equilibrium
A state where aggregate supply equals aggregate demand, leading to a stable economy.
- Identify the various spectra of the aggregate supply curve and their implications for devising economic policies.
Verified Answer
FM
Learning Objectives
- Identify the various spectra of the aggregate supply curve and their implications for devising economic policies.