Keynes argued that
I. Capitalism did not always lead to full employment.
II. Nominal prices were more important than relative prices.
A) I only B) II only C) Both I and II D) Neither I nor II
A
Economics
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A price floor will be binding only if it is set a. equal to the equilibrium price
b. above the equilibrium price. c. below the equilibrium price. d. either above or below the equilibrium price.
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Which of the following does not affect the level of autonomous investment?
a. level of technology b. expectations of future growth c. rate of capacity utilization d. rate of interest e. level of income
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