Keynesian economists generally agree that unemployment is more costly than inflation.

Name: Keynesian economists generally agree that unemployment is more costly than inflation.
Brand: Quizplus
Rating: 4.8 (47 reviews)

Question

Quizplus · Accepted Answer

Keynesian economists believe that unemployment leads to a decrease in overall spending and economic growth, while some inflation can be beneficial for the economy by encouraging spending and investment. Therefore, they generally see unemployment as more costly than inflation.

Keynesian Economists Generally Agree That Unemployment Is More Costly Than