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