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Keynes by Robert Skidelsky
  • 1. Who is the main subject of the book 'Keynes' by Robert Skidelsky?
A) Milton Friedman
B) Friedrich Hayek
C) John Stuart Mill
D) John Maynard Keynes
  • 2. What did Keynes advocate during periods of economic downturns?
A) Reduced government spending
B) Increased government spending
C) Tax cuts for the wealthy
D) Balanced budgets
  • 3. What major global event did Keynes respond to with his economic theories?
A) The 2008 Financial Crisis
B) World War I
C) The Great Depression
D) The Oil Crisis
  • 4. What term describes the total demand for goods and services in an economy?
A) Gross domestic product
B) Aggregate demand
C) Aggregate supply
D) Market equilibrium
  • 5. Keynes' ideas were largely neglected during which period?
A) The 1940s
B) The 1990s
C) The 1970s
D) The 1930s
  • 6. In Keynesian theory, what role do interest rates play?
A) They determine savings rates
B) They eliminate unemployment
C) They stabilize prices
D) They influence investment levels
  • 7. Keynes' economic ideas were initially met with resistance from which group?
A) Austrian economists
B) Marxists
C) Classical economists
D) Behavioral economists
  • 8. Keynes saw which of the following as a limitation of classical economics?
A) Its assumption of full employment
B) Its focus on government intervention
C) Its emphasis on savings
D) Its reliance on technological progress
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