Question: Basic Keynesian economics has some potential theoretical problems as well as practical problems in the implementation of stabilization policy. Which of the following statements is

Basic Keynesian economics has some potential theoretical problems as well as practical problems in the implementation of stabilization policy. Which of the following statements is not valid in this respect?
Group of answer choices
Keynesian economists tend to underestimate the length of the implementation lag of fiscal policy in the U.S.
Basic Keynesian models of the economy tend to overstate the actual size of the so-called Keynesian multiplier.
Keynesian models tend to ignore the implementation lag.
Keynesian models fail to incorporate the effect of monetary changes on the level of aggregate demand.
None of the above.

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