Who believed that small disturbances in output,prices,or unemployment were likely to be magnified by the invisible hand of the marketplace?
A)President Herbert Hoover.
B)Adam Smith.
C)John Maynard Keynes.
D)Jean-Baptiste Say.

Question

Quizplus · Accepted Answer

John Maynard Keynes believed that small disturbances in output, prices, or unemployment were likely to be magnified by the invisible hand of the marketplace, and that government intervention in the form of fiscal and monetary policies was necessary to stabilize the economy.

Who Believed That Small Disturbances in Output,prices,or Unemployment Were Likely