Multiple Choice
According to the "animal spirits" described by Keynes, when optimism reigns, households and firms
A) increase spending which results in inflationary pressures.
B) decrease spending which results in deflationary pressures.
C) increase spending which results in deflationary pressures.
D) decrease spending which results in inflationary pressures.
Correct Answer:
Verified
Correct Answer:
Verified
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