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John Maynard Keynes Disagreed with the Classical Economists Because He

Question 40

Multiple Choice

John Maynard Keynes disagreed with the classical economists because he assumed that


A) wages and prices adjusted slowly.
B) international trade played a major role in the macroeconomy.
C) government intervention in the economy could not reduce business cycles.
D) unemployment would be eliminated quickly by the invisible hand of the market.

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