Keynes used the term "animal spirits" to refer to the
A) irrational behavior of financial markets.
B) volatility of business confidence.
C) animalistic behavior of investors.
D) all of the above
Correct Answer:
Verified
Q195: Q197: A decrease in the expected inflation rate Q202: Which theory emphasizes frequent changes in investment Q218: An increase in the natural unemployment rate Q219: Consider the U.S. data for inflation and Q220: A change in the natural unemployment rate Q221: Which of the following is NOT an Q223: Keynes used the term "animal spirits" to Q224: Which theory assumes that business cycles occur Q225: Keynesian theory explains business cycles as being
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents