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John Maynard Keynes Disagreed with the Classical Economists Because He

Question 13

Multiple Choice

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


A) wages and prices adjust slowly.
B) international trade plays a major role in the macroeconomy.
C) government intervention in the economy cannot reduce business cycles.
D) unemployment will be eliminated quickly by the invisible hand of the market.

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