Keynes believed that changes in autonomous spending were dominated by unstable fluctuations in ________,which are influenced by emotional waves of optimism and pessimism-factors he referred to as "animal spirits."
A)unplanned investment spending
B)actual investment spending
C)planned investment spending
D)autonomous consumer expenditures

Question

Quizplus · Accepted Answer

Keynes believed that planned investment spending was heavily influenced by "animal spirits," which are the emotional and psychological factors that lead to fluctuations in business confidence and investment decisions.

Keynes Believed That Changes in Autonomous Spending Were Dominated by Unstable