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:

Interval

A range of values between two points, often used in mathematics and statistics to denote a specific span of numbers.

Time-series Data

Data that consists of sequence of values or events obtained over successive times, often analyzed to understand trends, cycles, or predictions.

NYSE

The New York Stock Exchange, a prominent stock exchange located in New York City, known as a global marketplace for buying and selling stocks.

Stocks

Shares of ownership in a company that give holders a claim on the company's earnings and assets.