While the classicists believed that both velocity and output are stable, Keynesians believe:
A) velocity is stable and output is variable.
B) velocity and output are both variable.
C) output is stable and velocity is variable
D) the same as the classical economists that both output and velocity are stable

Question

Quizplus · Accepted Answer

Keynesians believe that both velocity and output are variable, unlike classical economists who believed that both velocity and output are stable.

While the Classicists Believed That Both Velocity and Output Are