According to Keynes,
A) supply creates its own demand.
B) the problem during recessions was inadequate aggregate supply.
C) investment spending was necessary to get us out of a depression.
D) budget deficits were good during recessions.
Correct Answer:
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Q168: The crude quantity theory of money and
Q169: Keynesians
A)believe capitalism is inherently unstable.
B)contend that government
Q170: The classical economists believed all of the
Q172: Which of the following statements is true?
A)Keynesians
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A)high tax rates discourage
Q176: The classical economists espoused
A)the crude version of
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