Keynes disagreed with the neoclassical view of money and argued that
A) money is used only as a medium of exchange.
B) money is neutral in its impact on the economy.
C) money is used as a medium of exchange only in barter systems.
D) money is used as a medium of exchange and also is used to keep in reserve for emergencies.
Correct Answer:
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Q11: Explain how the government can act to
Q12: The name of John Maynard Keynes' most
Q13: Say's law was developed
A) by John Maynard
Q14: According to Say's law, a lack of
Q15: What is the difference between microeconomics and
Q16: Which of the following is a statement
Q17: Keynes divided spending into four great flows
Q18: Income received by households will be used
Q19: The 3 leakages from spending are
A) savings,
Q20: The Great Depression occurred
A) during the 1890s
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