Which of the following statements is best associated with Keynesian theory?
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a Supply creates its own demand.
b Recessions are due to inadequate demand for goods and services throughout the economy.
c The focus of policy should be on the long run, not the short run.
d Prices, wages, and interest rates are completely flexible.
Which of the following statements is best associated with Keynesian theory?
Select an answer and submit.For keyboard navigation, use the up/down arrow keys to select an answer.
Supply creates its own demand.
Recessions are due to inadequate demand for goods and services throughout the economy
The focus of policy should be on the long run,not the short run
Prices,wages,and interest rates are completely flexible