Among the causes of the Great Depression,Keynes would agree with all of the following explanations EXCEPT
A) There was insufficient aggregate demand to achieve full employment.
B) There was a lack of investment on the part of businesses because interest rates were too high.
C) Supply had not created its own demand.
D) Labor unions and businesses resisted wage and price cuts.
Correct Answer:
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Q168: The classical economists
A)dominated economic thought until the
Q169: Each of the following is consistent with
Q170: Keynes believed
A)everything produced in an economy is
Q171: The classical school
A)was the dominant school of
Q172: In the classical theory of employment,a rise
Q174: Which one of the following does NOT
Q175: Jean Baptiste Say believed in all of
Q176: Keynes believed in all of the following
Q177: Which of the following is false?
A)The classical
Q178: Each of the following is consistent with
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