In Explaining Why the Level of Investment Spending Fell to Such

question 79

Multiple Choice

In explaining why the level of investment spending fell to such a low level during the Great Depression,Keynes argued that

• A)consumers were not saving enough of their income,so there was little credit available to businesses.
• B)the interest rate was too high.
• C)the interest rate was too low.
• D)businesses held bleak expectations concerning future business activity and were unwilling to borrow even at low interest rates.

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