Keynes believed
A) recessions were temporary.
B) budget deficits were to be avoided at all costs.
C) any kind of spending was necessary to get us out of a depression.
D) both wages and prices were downwardly flexible.
Correct Answer:
Verified
Q176: The classical economists espoused
A)the crude version of
Q177: According to the rational expectationists
A)the so-called recessionary
Q178: According to the classical economists,if the money
Q179: According to Keynes,which is the most accurate
Q180: Who said "The ideas of economists and
Q182: To the monetarists,the key to maintaining stable
Q183: The classical economists believed
A)wages and prices were
Q184: Keynes believed in all of the following,except
A)The
Q185: The monetarists believe
A)the Federal Reserve is very
Q186: Statement I: The classical economists believed recessions
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