Which of the following statements about Keynes' contribution to macroeconomics is correct?
A) Although he published his most important ideas about the economy long before the 1930s, few economists paid attention to Keynes until the Great Depression proved him correct.
B) Keynes argued that depressions and recessions were almost always caused by changes in the money supply.
C) Keynes argued that balancing the budget could be an effective way to cure a recession or depression.
D) all of the above
E) none of the above
Correct Answer:
Verified
Q7: Which of the following argued that the
Q8: The IS-LM model was developed by
A)Friedman and
Q9: Which of the following schools of thought
Q10: The theories of consumption were developed by
A)Friedman
Q11: If the IS curve is relatively steep,then
A)there
Q13: "Effective demand" represents which of the following?
A)money
Q14: "In the long run,we're all dead" was
Q15: In the 1960s,the monetarist school of thought
Q16: Liquidity preference refers to
A)Keynes' name for the
Q17: Liquidity preference refers to the theory of
A)money
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