Multiple Choice
Keynesian theory was a response to the prevailing
A) classical theory that held that the economy could suffer from a period of sustained unemployment.
B) classical theory that held that the economy is self-correcting.
C) monetarist theory that held that the economy is self-correcting.
D) monetarist theory that held that monetary policy should be used to return the economy to its potential output.
Correct Answer:

Verified
Correct Answer:
Verified
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