The Three Economic Questions Quick Check%0D%0A5 of 55 of 5 Items%0D%0A%0D%0AQuestion%0D%0AExplain the central tenants of Keynesian economics.(1 point)%0D%0AResponses%0D%0A%0D%0AIn Keynesian economics, the emphasis is on the determination of the value of a product and the importance of its utility to the consumer. In general, Keynesian economics states that, when the government tries to get more involved in the economy, it makes it worse.%0D%0AIn Keynesian economics, the emphasis is on the determination of the value of a product and the importance of its utility to the consumer. In general, Keynesian economics states that, when the government tries to get more involved in the economy, it makes it worse.%0D%0A%0D%0AIn Keynesian economics, the government should not influence the economy during times of good economic growth, but it should take action to stimulate the economy during recession by increasing spending and lowering taxes.%0D%0AIn Keynesian economics, the government should not influence the economy during times of good economic growth, but it should take action to stimulate the economy during recession by increasing spending and lowering taxes.%0D%0A%0D%0AKeynesian economics is the theory or practice of controlling the supply of money as the chief method of stabilizing the economy.%0D%0AKeynesian economics is the theory or practice of controlling the supply of money as the chief method of stabilizing the economy.%0D%0A%0D%0AKeynesian economics is the theory that inflation is the main driving force behind economic growth or recession. The Keynes effect looks at the relationship that inflation has with both real and nominal interest rates.
(1 point)%0D%0A%0D%0AThe correct answer is: In Keynesian economics, the government should not influence the economy during times of good economic growth, but it should take action to stimulate the economy during recession by increasing spending and lowering taxes.
