Keynes's motivation in developing the aggregate output determination model stemmed from his concern with explaining
A)the hyperinflations of the 1920s.
B)why the Great Depression occurred.
C)the high unemployment in Great Britain before World War I.
D)the high unemployment in Great Britain after World War II.

Question

Quizplus · Accepted Answer

Keynes developed his model in response to the Great Depression, with the aim of explaining why it occurred and how to address it.

Keynes's Motivation in Developing the Aggregate Output Determination Model Stemmed