John Maynard Keynes argued that
A)Macro failure is likely to occur,and it isn't likely to go away.
B)Macro failure is unlikely to occur.
C)Macro failure is likely to occur but will go away quickly.
D)None of the choices are correct.

Question

Quizplus · Accepted Answer

Keynes believed that macroeconomic failure, such as recessions and depressions, was a normal occurrence and not a temporary blip. He argued that government intervention was necessary to stabilize the economy during such times. Therefore, option A is the best choice as it captures Keynes' viewpoint.

John Maynard Keynes Argued That