________ noted that the aggregate demand is not necessarily always equal to total production.
A) Churchill
B) Smith
C) Say
D) Keynes

Question

Quizplus · Accepted Answer

This is a key tenet of Keynesian economics - that there can be a gap between aggregate demand and total production, which can lead to unemployment and economic stagnation. This idea is central to the concept of fiscal stimulus as a way to close the gap between output and demand.

________ Noted That the Aggregate Demand Is Not Necessarily Always