Keynes Was Motivated to Create a Macroeconomic Theory Different from Classical

question 48

Multiple Choice

Keynes was motivated to create a macroeconomic theory different from classical theory because

• A)he believed in government intervention in the economy.
• B)he believed in the idea of the invisible hand.
• C)monetary policy was more important than the classicals acknowledged.
• D)classical theory was inconsistent with the data in the Great Depression.

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Definitions:

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