The major cause of the Depression of the 1930s according to the Keynesian model was
A) increased government spending.
B) reduced foreign exports.
C) reductions in investment.
D) a decline in the money supply.
Correct Answer:
Verified
Q92: Q93: According to classical theory, Q94: Keynesian macroeconomic theory has been summarized as Q95: According to Keynes,output is demand determined.This means Q96: In explaining why the level of investment Q98: Say's law states that supply creates its Q99: The aggregate supply curve will be vertical Q100: Unless the aggregate supply curve is vertical,decreases Q102: In the Keynesian view of macroeconomic equilibrium Q146: According to Keynes,if the economy is in![]()
A)any deficiency in total
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