Keynesian Contribution

An illustration depicting John Maynard Keynes with elements of macroeconomics like graphs, government buildings, and currency symbols in the background.

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

7 Questions2 MinutesCreated by ExplainingConcepts721

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

Keynesian Contribution

Understanding Keynesian Economics

More Quizzes