6. economists place an emphasis on A. Phillips; short B. Keynesian; long C. Neoclassical; long D....

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6. economists place an emphasis on A. Phillips; short B. Keynesian; long C. Neoclassical; long D. Says; short 7. Which of the following represents a Keynesian point of view of macroeconomics? A. focus on long-term growth in the economy B. aggregate supply is the primary determinate of economic output C. creating increases in aggregate demand to reduce unemployment D. vertical aggregate supply run economic performance. 8. If an economy experiences a decrease in aggregate demand due to a decline in consumer confidence and output falls below potential GDP, which of the following is likely to occur? A. more consumption and less saving B. adjustment back to potential GDP C. increase in price inflation D. a rise in unemployment 9. Suppose that a rise in business confidence has led to more investment in the economy and higher levels of output. In the short-run Keynesian analysis, the rise in aggregate demand will: A. lower unemployment. B. cause government to lower taxes. C. cause government to increase spending. D. exports will drop. 6. economists place an emphasis on A. Phillips; short B. Keynesian; long C. Neoclassical; long D. Says; short 7. Which of the following represents a Keynesian point of view of macroeconomics? A. focus on long-term growth in the economy B. aggregate supply is the primary determinate of economic output C. creating increases in aggregate demand to reduce unemployment D. vertical aggregate supply run economic performance. 8. If an economy experiences a decrease in aggregate demand due to a decline in consumer confidence and output falls below potential GDP, which of the following is likely to occur? A. more consumption and less saving B. adjustment back to potential GDP C. increase in price inflation D. a rise in unemployment 9. Suppose that a rise in business confidence has led to more investment in the economy and higher levels of output. In the short-run Keynesian analysis, the rise in aggregate demand will: A. lower unemployment. B. cause government to lower taxes. C. cause government to increase spending. D. exports will drop.