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Macroeconomics 11th Edition by Stephen Slavin
Edition 11ISBN: 978-0077641559Macroeconomics 11th Edition by Stephen Slavin
Edition 11ISBN: 978-0077641559 Exercise 34
Circle the letter that corresponds to the best answer. Keynes considered full-employment GDP to be _______.
A) the normal state of economic affairs
B) a rare occurrence
C) an impossibility
D) none of the above
A) the normal state of economic affairs
B) a rare occurrence
C) an impossibility
D) none of the above
Explanation
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Verified
J. M. Keynes observed that the economy i...
Macroeconomics 11th Edition by Stephen Slavin
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