John Maynard Keynes disagreed with the classical economists because he assumed that
A)wages and prices adjusted slowly.
B)international trade played a major role in the macroeconomy.
C)government intervention in the economy could not reduce business cycles.
D)unemployment would be eliminated quickly by the invisible hand of the market.

Question

Quizplus · Accepted Answer

Keynes believed that wages and prices were inflexible and did not adjust quickly, which led to the possibility of prolonged unemployment and economic downturns.

John Maynard Keynes Disagreed with the Classical Economists Because He