Which of the Following Statements About Keynes' Contribution to Macroeconomics

question 10

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:

Close Relationship

A deeply connected, mutually influential bond between individuals, characterized by strong emotional ties and interdependence.

Power Imbalance

A situation where there is an unequal distribution of power among individuals or groups, leading to dominance by one party over another.

Correspondence Bias

The tendency to attribute a person's behavior too much to their disposition and not enough to the situation they are in.

Personality Dispositions

Enduring personal qualities or tendencies that influence behavior and attitudes across various situations.