Unlike the Classical economists,Keynes asserted that:
A) Laissez-faire would lead to macro equilibrium.
B) The economy was inherently unstable.
C) Markets would naturally self-adjust.
D) Wages and prices were flexible.

Question

Quizplus · Accepted Answer

Keynes believed that the economy was inherently unstable and could experience long periods of unemployment and low levels of economic activity, which could not be resolved through laissez-faire policies or market self-adjustment.

Unlike the Classical Economists,Keynes Asserted That