John Maynard Keynes argued that
A)Macro failure is likely to occur,and it isn't likely to go away quickly.
B)Macro failure is unlikely to occur.
C)Macro failure is likely to occur but will go away quickly.
D)None of the choices are correct.

Question

Quizplus · Accepted Answer

Keynes believed that macroeconomic failures such as recessions and high unemployment were likely to occur due to fluctuations in aggregate demand, and that they would not easily self-correct. This was the basis for his theory of government intervention and stimulus spending to help stabilize the economy.

John Maynard Keynes Argued That