John Maynard Keynes is famous for
A) arguing that government should never intervene in the economy.
B) arguing that government should intervene in the economy only to protect private property.
C) arguing that governments should focus on providing incentives to business to increase aggregate supply.
D) his focus on the role of aggregate demand in the problems of inflation and unemployment.
Correct Answer:
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Q1: What is meant by capacity utilization?
A) How
Q2: The name of John Maynard Keynes' most
Q4: Keynes divided spending into four great flows
Q5: Income received by households will be used
Q6: In Keynes' analysis of the circular flow
Q7: In Keynes' analysis of the circular flow,
Q8: In Keynes' analysis of the circular flow,
Q9: All of the following are examples of
Q10: All of the following individual investments are
Q11: Unused savings, as defined in this chapter,
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