A key feature of the traditional Keynesian approach to fiscal policy is the assumption that the...

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A key feature of the traditional Keynesian approach to fiscal policy is the assumption that the...

A key feature of the traditional Keynesian approach to fiscal policy is the assumption that the price level is variable.

A. True

B. False

business economics

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Answer 1

Answer #1

Ans. B False

A key feature of The traditional Keynesian approach to fiscal policy is the assumption that the price level is constant as there are constant returns to scale so that prices do not rise or fall as output increases.

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Answer 2

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A key feature of the traditional Keynesian approach to fiscal policy is the assumption that the...

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The Keynesian approach to fiscal policy assumes that changes in government spending cause direct offsets in...

describe the Classical economists’ approach and the Keynesian economic approach to fiscal policy.

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A key feature of the traditional Keynesian approach to fiscal policy is the assumption that the...

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