The formulation of the so-called income adjustment mechanism is associated with:
A) Adam Smith
B) David Ricardo
C) David Hume
D) John Maynard Keynes

Question

Quizplus · Accepted Answer

The income adjustment mechanism is associated with John Maynard Keynes. Keynes argued that changes in aggregate demand would lead to changes in output and employment, and that the government could use fiscal policy to stabilize the economy.

The Formulation of the So-Called Income Adjustment Mechanism Is Associated