Practice Quiz Chap 9 - POP QUIZ WORKSHEET 3: CHAPTER 9...

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POP QUIZ WORKSHEET 3: CHAPTER 9 NAME: __________________________________ 1. Which of the following statements is true? a. Activist economists are economists who believe that the government can create and implement policy proposals that can positively affect the economy. b. Laissez-faire economists generally favor government intervention in the economy. c. Classical economists are sometimes referred to as activist economists, whereas Keynesian economists are often referred to as laissez-faire economists. d. Most economists are either committed Classical or committed Keynesian economists. 2. According to Keynesian economics: a. savings always equal investment. b. there is a difference between equilibrium income and potential income: the economy could be in equilibrium well above the full employment potential. c. market forces that are supposed to bring the economy back to long-run potential work fast and are strong enough to get the economy out of a recession.
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This note was uploaded on 04/18/2011 for the course ECON 131 taught by Professor Tba during the Spring '08 term at University of Hawaii, Manoa.

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Practice Quiz Chap 9 - POP QUIZ WORKSHEET 3: CHAPTER 9...

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