Keynes Argued That Fiscal Policy, Not Monetary Policy, Is Needed

question 228

True/False

Keynes argued that fiscal policy, not monetary policy, is needed to get an economy out of the liquidity trap.

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Definitions:

Vicarious Liability

A legal doctrine that holds one person or entity liable for the actions of another, based on their relationship.

Altercations

Conflicts or disputes, often resulting in a verbal or physical confrontation.

Deceit

The act of intentionally misleading or deceiving someone to gain an advantage or cause loss to another.

Misappropriation

The unauthorized use of another's funds or property, often related to intellectual property.