With regard to aggregate demand,early Keynesians tended to believe that
A)monetary policy mattered most.
B)monetary policy was all that mattered.
C)monetary policy mattered.
D)monetary policy did not matter.

Question

Quizplus · Accepted Answer

Early Keynesians believed in the importance of fiscal policy in managing aggregate demand, rather than relying solely on monetary policy. They argued that government spending and taxation policies could be used to influence consumption and investment in the economy, which would in turn impact aggregate demand.

With Regard to Aggregate Demand,early Keynesians Tended to Believe That