8. What did pre-Keynesian believe about the market and its ability to pull itsel

Question

8. What did pre-Keynesian believe about the market and its ability to pull itself out of a recession?

12. What are the relations between government spending, the marginal propensity to consume, the marginal propensity to save, and the multiplier effect?

13. What are some of the problems with using fiscal policy in an effective manner?

18. What is the new classical approach to the stimulatory impact of fiscal policy implemented through deficit spending?

22. What approach to the money supply do those embracing monetarism suggest?

24. How do shifting price levels impact debtors and savers?

Explanation / Answer

8.Keynesian economics advocates for the public sector to step in to assist the economy generally, which is a significant departure from popular economic thought that preceded it

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