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In His Famous Book, the General Theory of Employment, Interest

Question 6

Multiple Choice

In his famous book, The General Theory of Employment, Interest, and Money , British economist John Maynard Keynes argued that:


A) if private investment funds were idle, government funds must be employed to encourage economic activity.
B) the only cure for the Great Depression was socialism.
C) governments should balance their budgets so that interest rates would go down and private enterprise could borrow more easily.
D) huge tax cuts would encourage consumer spending.

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