Solved

According to John Maynard Keynes

Question 52

Multiple Choice

According to John Maynard Keynes:


A) Say's Law is correct, because total withdrawals and injections can be equal at any output
B) because of the workings of demand and supply in the labour market, involuntary unemployment is no more than a short-run problem
C) workers suffer from money illusion
D) interest rates, not output levels, automatically bring about a balance between total injections and withdrawals
E) the demand and supply of labour both depend on real wage rates

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents