Keynesian theory became important when classical economic theory did not adequately explain:
A. A prolonged period of both inflation and unemployment.
B. A prolonged growth recession.
C. A depression.
D. A prolonged period of inflation.
E. Outsourcing.
Ans: C. A depression.
Economics
You might also like to view...
When humanitarian efforts to free Sudanese slaves were introduced, ________ increased initially, which led to ________ prices
Over time, the slave trade became ________ profitable and the supply of slaves ________. A) supply; lower; less; decreased B) demand; lower; more; decreased C) demand; higher; more; increased D) supply; higher; more; increased
Economics
A soil bank program usually accompanies a price ceiling program in agriculture
Indicate whether the statement is true or false
Economics