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    Principles of Macroeconomics Study Set 8
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    Exam 21: The Influences of Monetary and Fiscal Policy on Aggregate Demand: Using Policy to Stabilize the Economy
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    Keynes Used the Term "Animal Spirits" to Refer to
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Keynes Used the Term "Animal Spirits" to Refer to

Question 14

Question 14

Multiple Choice

Keynes used the term "animal spirits" to refer to


A) policy makers harming the economy in the pursuit of self interest.
B) arbitrary changes in attitudes of household and firms.
C) mean-spirited economists who believed in the classical dichotomy.
D) firms' relentless efforts to maximize profits.

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