Which of the following had been a traditional belief prior to the economic theories of John Maynard Keynes?
A) Balanced budgets were sacred.
B) A bimetallic standard was superior to the gold standard.
C) Depressions typically emerged from a consumer's crisis of confidence.
D) A national economy always benefited from a trade surplus.
E) Deficits are not a problem, as long as they do not enlarge national debt.
Correct Answer:
Verified
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