Which of the following is false?
A) Keynes believed that the economy was basically unstable.
B) The classical economists believed that full employment was a "rare occurrence."
C) Keynes argued that the expected rate of profit was the most important factor in determining the level of investment demand in an economy.
D) The classical economists used the laws of supply and demand to prove the validity of Say's Law.
Correct Answer:
Verified
Q192: Which of the following is true?
A)Keynes asked
Q193: The classicals said that recessions are _
Q194: In both the Keynesian and classical economic
Q195: Full employment GDP is the level of
Q196: The centerpiece of classical economics is _.
Q198: According to Keynesians
A)An increase in aggregate demand
Q199: Savings will always be set equal to
Q200: Keynes believed
A)lowering wages could cure a depression.
B)the
Q201: Aggregate supply is _.
Q202: The interest rate effect states that _.
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