Keynesian Contribution
Understanding Keynesian Economics
Test your knowledge of Keynesian economics and learn about the influential ideas of John Maynard Keynes. This quiz covers essential concepts and theories that shaped modern economic thought.
- 7 engaging multiple-choice questions
- Learn about key economic principles
- Enhance your understanding of government roles in the economy
What did Keynes Invent?
Macroeconomics
Microeconomics
Electricity
The Demand Curve
What does Say's Law suggest
Supply creates demand
Demand Creates supply
Full employment will create optimal equilibrium
According to Keynes what describes the government's ideal role in the economy
Be completely hands off
Stimulate through changing interest rates
Stimulate the economy through monetary policy and encourgaing full employment
Stimulate through fiscal and monetary policy
Which most accurately describes Keynes' Theory of Prices
Prices are flexible
Prices are sticky downwards
Prices are sticky upward
Fake and irrelevant
What did Keynes think the most important markers of economic success were?
Output and Demand
Employment and Demand
Real money values and Employment
Demand and Supply
The most accurate solution to depression in Keynes' view is to stimulate the economy through...
Bank Bailouts
Increasing Government Spending
Decreasing interest rates and investing in infrastructure
Investing in infrastructure and decreasing the minimum wage
If the interest rate increases then...
Increase savings
Increase consumption
Increase inflation
Increase crowding out of private investing
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