According to Keynesian economists, the problem in the Great Depression was
A) a major outside shock.
B) deficit spending by the government.
C) a lack of effective demand.
D) government interfering with the natural tendency of the economy to restore equilibrium.
Correct Answer:
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Q12: The following are all aggregate markets discussed
Q13: Keynes disagreed with the neoclassical view of
Q14: Progressive economists argue that recessions and depressions
Q15: Keynes stressed the importance of effective demand,
Q16: Leakages from the circular flow include
A) savings,
Q17: Conservatives and Keynesians differ on the appropriate
Q19: At very low levels of income, consumer
Q20: The wealthy tend to have
A) higher average
Q21: If the objective of government policy during
Q22: The circular flow of money refers to
A)
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