Multiple Choice
According to Keynesian economists, the problem in the Great Depression was
A) a major outside shock.
B) deficit spending by the government.
C) a lack of effective demand.
D) government interfering with the natural tendency of the economy to restore equilibrium.
Correct Answer:
Verified
Correct Answer:
Verified
Q12: Compare and contrast the arguments of critiques
Q13: At the beginning of the Great Depression<br>A)
Q14: Explain and give examples of how a
Q15: Discuss how Keynes refuted Say's law.<br>-Why does
Q16: Conservatives and Keynesians differ on the appropriate
Q18: Describe how Keynes built an entirely new
Q19: Describe how Keynes built an entirely new
Q20: The Keynesian cross diagram shows<br>A) the relationship
Q21: Leakages from the circular flow include<br>A) savings,
Q22: The basic definition of GDP used in