Which of the Following Statements About Keynes' Contribution to Macroeconomics

question 51

Multiple Choice

Which of the following statements about Keynes' contribution to macroeconomics is correct?

• A)Although he published his most important ideas about the economy long before the 1930s, few economists paid attention to Keynes until the Great Depression proved him correct.
• B)Keynes argued that depressions and recessions were almost always caused by changes in the money supply.
• C)Keynes argued that balancing the budget could be an effective way to cure a recession or depression.
• D)all of the above
• E) none of the above

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Definitions:

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