Keynesians believe ________.
A)that economies move quickly to their long run equilibrium levels
B)that the government should pursue active policies to stabilize economic fluctuations
C)that the long run is more important than short-run fluctuations
D)all of the above
E)none of the above

Question

Quizplus · Accepted Answer

Keynesians believe that economies are not self-correcting and can remain in a state of recession or inflation for a prolonged period. Therefore, the government should take active measures to stabilize the economy and promote full employment. They prioritize short-run fluctuations over the long run.

Keynesians Believe ________