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According to the Keynesian View, Capitalism

Question 121

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According to the Keynesian view, capitalism


A) is a highly productive form of economic organization that works best when government intervention is least.
B) experiences booms and busts because of the instability of private investment that is driven by fickle changes in business optimism.
C) experiences booms and busts that are primarily the result of inappropriate monetary policy.
D) experiences fluctuations in aggregate demand that cannot be controlled with fiscal policy.

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