Multiple Choice
The historical validation of Keynes's theory came through the:
A) expansion in aggregate demand resulting from drastic interest rate cuts in the early 1940s.
B) successful application of his theories in the United States during the Great Depression in the early 1930s.
C) expansion in aggregate demand resulting from massive military spending in the early 1940s.
D) successful application of his theories in the United Kingdom during the mid 1930s.
Correct Answer:

Verified
Correct Answer:
Verified
Q83: The General Theory of Employment, Interest, and
Q224: Most economists today believe that the appropriate
Q225: Keynes believed that to end the Great
Q226: Keynesian economics emphasized that economic downturns could
Q227: The natural rate hypothesis:<br>A) is now generally
Q228: Keynesian economics emphasized the:<br>A) role of money.<br>B)
Q230: _ is the MOST likely to advocate
Q231: Nearly all economists agree that fiscal policy
Q233: In the late 1970s and early 1980s,
Q234: If the money supply is growing at