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(Solved by Expert Tutors)Question 21

Keynesian economists argue that supply-side fiscal poli


Question 21

Keynesian economists argue that supply-side fiscal policy will not work because

the money supply is controlled endogenously

the rich have a lower MPC

of trickle down economics

the rich have a higher MPC

Question 22

A reserve shortage for the banking sector as a whole:

means all banks can meet their reserve requirement and the fed funds rate will fall

means all banks can meet their reserve requirement and the fed funds rate will rise

means not all banks can meet their reserve requirement the fed funds rate will fall

means not all banks can meet their reserve requirement and the fed funds rate will rise

Question 23

According to MMT sovereign governments are able to spend by

crediting bank accounts

borrowing by issuing bonds

generating tax revenue

all of the above

Question 24

According to Keynes the rate of interest is

a measure of people's uncertainty about the future

all of the above

the reward for not hoarding

the premium required to convince someone to part with liquidity

Question 25

Which of the following most accurately describes the logical structure of the classical model

Say?s Law is required to maintain the assumption of full employment, and in turn, the loanable funds model is required to preserve Say?s law

The assumption of full employment underpins the Loanable funds market, which in turn, requires the assumption of Say?s Law.

Say?s Law rests on the assumption of full employment, which in turn, depends on the loanable funds market

The loanable funds model requires the adoption of Say?s Law, in turn, both the loanable funds market and Say?s law rest on the assumption of full employment.

 


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Apr 19, 2020

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