Keynes was more focused on reducing short-term fluctuations in the business cycle than determinants of long-term economic growth.

Question

Quizplus · Accepted Answer

Keynes' main focus was on managing demand in the short-term to stabilize the economy during business cycle downturns, rather than on long-term economic growth. He believed that by boosting demand during recessions, governments could reduce high unemployment rates and increase economic output.

Keynes Was More Focused on Reducing Short-Term Fluctuations in the Business