One of the main conclusions of Keynes in The General Theory of Employment, Interest, and Money is that the economy
A) will usually be at full employment.
B) will not automatically gravitate to full employment.
C) will automatically move quickly toward full employment without inflation.
D) is usually on the verge of a major depression or hyperinflation.
Correct Answer:
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Q113: One of the possible consequences of the
Q114: Which one of the following could cause
Q115: When the expenditure level is above the
Q116: The economy will reach equilibrium in a
Q117: Keynes focused on problems of
A)hyperinflation.
B)budget deficits.
C)trade deficits.
D)unemployment
Q119: If the expenditure schedule must be shifted
Q120: The inflationary gap is the
A)inflation rate that
Q121: According to Baumol and Blinder, from the
Q122: A level of GDP cannot be at
Q123: Table 9-1 
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