Keynes argued that, for the period that he was writing about:
A)the long run is a more important policy concern than the short run.
B)the short run is a more important policy concern than the long run.
C)both the short run and the long run are equally important.
D)the distinction between the short run and the long run is irrelevant.

Question

Quizplus · Accepted Answer

Keynes famously argued that "in the long run we are all dead," emphasizing the importance of addressing economic issues in the short run to mitigate immediate crises and unemployment. He believed that focusing on short-term economic policies was crucial for stabilizing economies.

Keynes Argued That, for the Period That He Was Writing