The key argument of John Maynard Keynes is that
A) government can pull an economy out of a recession by stimulating demand and creating a cycle of increased production and jobs.
B) government regulations during economic depressions must be lifted because they destroy the already-slim profit margin.
C) the economy of size shows that monopolies are the most efficient way to distribute goods throughout a national marketplace.
D) government can rectify a falling economy by regulating the money supply.
Correct Answer:
Verified
Q44: The federal minimum wage was _ an
Q45: Adam Smith's theory of _ maintains that
Q46: Classic laissez-faire theory is based on the
Q47: The MOST consistently powerful nongovernment actors in
Q48: During the Great Depression of 1929-39, approximately
Q50: Which president said in his inaugural address,
Q51: The nonpartisan Congressional Budget Office estimated that
Q52: Which president rejected the theory of Keynesian
Q53: Today, labor unions represent about _ percent
Q54: The American Recovery and Reinvestment Act of
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents