Which of the Following Statements About Keynes' Contribution to Macroeconomics

Multiple Choice

Which of the following statements about Keynes' contribution to macroeconomics is correct?

A) Keynes argued that animal spirits affect consumption more than investment.
B) Although he published his most important ideas about the economy long before the 1930s, few economists paid attention to Keynes until the Great Depression proved him correct.
C) Keynes argued that depressions and recessions were almost always caused by changes in the money supply.
D) Keynes argued that effective demand determines output.
E) Keynes argued that balancing the budget could be an effective way to cure a recession or depression.