Keynes believed
A) everything produced in an economy is purchased.
B) the interest rate was more important than the expected rate of profit in determining the level of investment in an economy.
C) our economy always tends toward full employment.
D) aggregate supply was more important than aggregate demand in the short run.
E) None of the choices were believed by Keynes.
Correct Answer:
Verified
Q165: The classical economists believed in all of
Q166: Keynes believed that when savings exceeds investment
A)the
Q167: Which of the following statements is false?
A)The
Q168: The classical economists
A)dominated economic thought until the
Q169: Each of the following is consistent with
Q171: The classical school
A)was the dominant school of
Q172: In the classical theory of employment,a rise
Q173: Among the causes of the Great Depression,Keynes
Q174: Which one of the following does NOT
Q175: Jean Baptiste Say believed in all 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