QUESTION 17 According to John Maynard Keynes, the key to reducing high levels of

Question

QUESTION 17 According to John Maynard Keynes, the key to reducing high levels of unemployment was to set long-term employment contracts that eliminate uncertainty. increase aggregate demand. create retraining programs so that unemployed workers can acquire new skills as technology changes. offer employees above equilibrium wages to attract more workers. QUESTION 18 It is a stylized fact that a strong economic expansion tends to lead to O an increase in cyclical unemployment. an increase in the inflation rate O a decrease in wages. a decrease in the labor participation rate. QUESTION 19 Which one of the following is a disruptive effect of high inflation on the economy? O It can wipe out the value of people's savings O It hurts people who are living on fixed incomes O It redistributes wealth from creditors to debtors o All of the above

Explanation / Answer

Answer.)

Q17.) Increase aggregate demand

Q18,.) an increase in the inflation rate

Q19.) All of the above.

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