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    Exam 11: Classical and Keynesian Macro Analyses
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    According to Keynes, the Classical Model Could Not Explain
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According to Keynes, the Classical Model Could Not Explain

Question 152

Question 152

Multiple Choice

According to Keynes, the classical model could not explain


A) a recession or depression.
B) periods of rising unemployment.
C) a long-term economic decline.
D) periods of rising interest rates.

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