Question: A Keynesian basically believes that Select one: Demand will adjust to restore full employment equilibrium Economics is just too hard and we should all give

A Keynesian basically believes that

Select one:

Demand will adjust to restore full employment equilibrium

Economics is just too hard and we should all give up

Supply will adjust to restore full employment equilibrium

Government spending is necessary to restore full employment equilibrium

An inflationary gap means that

Select one:

Actual real GDP is greater than potential GDP

Actual real GDP is equal to potential GDP

Actual real GDP is greater than or less than potential GDP

Actual real GDP is less than potential GDP

The international substitution effect says that if domestic prices go

Select one:

Down then demand for domestically produced goods will decrease and AD will increase

Down then demand for domestically produced goods will increase and AD will increase

Up then demand for domestically produced goods will increase and AD will increase

Up then demand for domestically produced goods will increase and AD will decrease

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