Which of the Following Was a Central Argument of Keynes's

question 60

Multiple Choice

Which of the following was a central argument of Keynes's General Theory?  

• A) Competition does NOT allocate resources efficiently in a modern industrial economy. 
• B) Full employment can be maintained even during a major recession if wage rates are lowered far enough. 
• C) Modern industrial economies do NOT tend automatically toward full employment rates of output. 
• D) Government can best stabilize the economy by letting the market system automatically adjust toward full employment.

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