Keynes Believed in All of the Following EXCEPT

question 217

Multiple Choice

Keynes believed in all of the following EXCEPT,

• A)the expected rate of profit was more important than the interest rate.
• B)recessions are temporary.
• C)expansionary government spending and tax cuts are cures for recessions and depressions.
• D)in the short run,aggregate demand should be manipulated to stabilize the economy.

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Definitions:

Covertly

In a hidden or concealed manner; done secretly or without open acknowledgment.

Descriptive

Related to describing or giving an account of something in words, including detailed information or characteristics.

Inferences

The act of drawing conclusions from data or evidence.