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Economics (AS & A Level) · Feb / March 2021 · Paper 32 · Question 26

9708Government macroeconomic policy objectives

What is assumed by Keynesians?

  1. AAn increase in supply always creates an equal increase in demand.
  2. BGovernment intervention is required to manage the economy.
  3. CPrices always adjust so that markets clear.
  4. DThe economy always has full employment.

As printed in the paper

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Correct answer: B. Government intervention is required to manage the economy.

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