Which of the Following Is a Difference Between the Theories

question 104

Multiple Choice

Which of the following is a difference between the theories of John Maynard Keynes and the classical economists?

• A)Unlike Keynesian economists,classical economists believed that unemployment was a serious long-term problem.
• B)Unlike Keynesian economists,classical economists advocated that the economy was always in equilibrium.
• C)Unlike Keynesian economists,classical economists believed that the economy would always settle at full employment.
• D)Unlike Keynesian economists,classical economists did not believe that the economy was always in equilibrium.
• E)Unlike Keynesian economists,classical economists believed a glut created an unemployment problem for the economy.