John Maynard Keynes wrote that responsibility for low income and high unemployment in economic downturns should be placed on:
A) low levels of capital.
B) an untrained labor force.
C) inadequate technology.
D) low aggregate demand.

Question

Quizplus · Accepted Answer

According to Keynes, low income and high unemployment during economic downturns are caused by insufficient aggregate demand, meaning that not enough people are willing and able to spend enough money to keep the economy running. This can be addressed through government intervention, such as increasing public spending or lowering interest rates, to stimulate demand and promote economic growth.

John Maynard Keynes Wrote That Responsibility for Low Income and High