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Keynes Was Motivated to Create a Macroeconomic Theory Different from Classical

Question 48

Multiple Choice

Keynes was motivated to create a macroeconomic theory different from classical theory because


A) he believed in government intervention in the economy.
B) he believed in the idea of the invisible hand.
C) monetary policy was more important than the classicals acknowledged.
D) classical theory was inconsistent with the data in the Great Depression.

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