Economics Test

[Gmanc711]

Alright I have this economics test, take home style. I went through about the whole thing with no problem, but theres these 6 questions that I just have no idea, cant find in the book, not on google, no where. So, fellow warpathers, if any of you are a economics/ Keynesian wiz, please help....

here are the questions....

1) The French Economics Jean Baptiste say transformed the equality of total outpout and total spending inot a law that can be expressed as follows:
a) Unemployment is not pissible in sthe short run.
b) Demand and supply are never equal.
c) Supply creates its own demand
D) Demand Creats its own Supply

2) If the economy were left on its own without the interference of government or the Fed, it would move towards an equiliburium rate that would produce, with only minor interruptions, full employment without inflation. What school supports this view?
a. Classical
b. Keynesian
c. Monetarism
d. Supply-Side
e. Neo Keynesian

3)Keynes once remarked that, in the long run, were all dead. He was responding to the conventional wisdom of classical economics who aregued that..
1. the supply curve should reman vertical in the long run
2. World War I was fought to free Britian from Economic ruin
c. Depression was only a short run, temporary departure from full employment equilibrium
d. funeral plots need to be determined by the market
e. Market-based realities cause the estate tax to be too high

4) Keynesians:
a) accept the countercyclical policy of doing nothing, that is, allowing hte market forces to work.
b) Belive that the level of aggragate demand in the 1930's was sufficient to generate full employment
c) accept the fact that policymakers should eliminate inflation first before focusing on unemplyment
d) Focuse on increasing aggregate demand in order to stimulate the economy
e)were prepared for the events that beset our economy in the 1970's and 1980's

5) If the economy is experiencing unemplyment equilibrium, the Keynesian school recommends that the government:
a) Do nothing to stiumulate the economy
b) Undertake the fiscal policy to stimulate aggregate demand
c) Undertake fiscal policy to stiumulate aggragate supply
d) Balance the budget to stimulate aggregate demand
e) Cut Gov't spending to eliminate deficit spending and cut the national debt.

6) Consider the Keynesian consumtion function. If disposable income is greater than the break even level of disposal income, then the households will be:
a. investing
b. borrowing
c. dissaving
d. saving


If anyone knows any of those, it will greatley help me out a ton. Thanks guys