Keynes used the term "animal spirits" to represent
A) fluctuations in business confidence.
B) changes in people's consumption expenditures.
C) the ease of forecasting.
D) investment based on hard facts about the future.
Correct Answer:
Verified
Q197: A decrease in the expected inflation rate
Q202: Which theory emphasizes frequent changes in investment
Q218: An increase in the natural unemployment rate
Q219: Consider the U.S. data for inflation and
Q220: A change in the natural unemployment rate
Q221: Which of the following is NOT an
Q222: Keynes used the term "animal spirits" to
Q224: Which theory assumes that business cycles occur
Q225: Keynesian theory explains business cycles as being
Q228: The states that the main source of
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents