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Economics (AS & A Level) · May / June 2022 · Paper 32 · Question 26

9708Unemployment

Which approach is consistent with the Keynesian school of economic thought?

  1. ABalanced budgets should be a key policy aim.
  2. BInflation is caused by excessive money supply growth.
  3. CUnemployment can still persist in the long run.
  4. DWages are flexible downwards in the short run.

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Correct answer: C. Unemployment can still persist in the long run.

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