Early Keynesians felt that ________ policy was ________,so they stressed the importance of ________ policy.
A)fiscal;ineffective;monetary
B)monetary;ineffective;fiscal
C)monetary;potent;monetary
D)fiscal;too potent;monetary

Question

Quizplus · Accepted Answer

Early Keynesians believed monetary policy was ineffective in combating recessions, so they emphasized the importance of fiscal policy (government spending and taxation) to manage economic activity.

Early Keynesians Felt That ________ Policy Was ________,So They Stressed

Early Keynesians Felt That Policy Was ,So They Stressed