Multiple Choice
Keynesian economists believed that the prolonged unemployment of the 1930s was the result of
A) the sharp reduction in the supply of money during 1929-1933 and another monetary contraction in 1938.
B) the high interest rates of the 1930s.
C) the double-digit inflation of the 1930s.
D) insufficient aggregate demand and the failure of market forces to direct the economy back to full employment.
Correct Answer:

Verified
Correct Answer:
Verified
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