Keynes thought that the major economic reason for the Great Depression was
A) the existence of labor unions.
B) a lack of investment due to poor profit expectations.
C) the existence of monopolies.
D) high interest rates.
Correct Answer:
Verified
Q61: The classical macroeconomic model argues that the
Q62: Keynesians tend to believe that
A)laissez-faire policies stabilize
Q63: Aggregate demand will decrease when there are
A)decreases
Q64: Q65: Keynesians tend to believe that Q67: The foreign purchases effect suggests that a Q68: Which of the following solutions would a![]()
A)laissez-faire policies stabilize
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