Keynes argued that: a. Say's Law is true. b. prices and wages are perfectly flexible. c. a...
Question:
Keynes argued that:
a. Say's Law is true.
b. prices and wages are perfectly flexible.
c. a government policy of "hands-off" is the best approach.
d. prices and wages are not perfectly flexible in the short run.
John Maynard Keynes:
Keynes was a British economist from the 20th century whose work revolutionized the way economics was studied and taught. To this day, many different schools of thought stem from his original ideas.
Answer and Explanation: 1
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View this answerKeynes argued that:
a. Say's Law is true.
b. prices and wages are perfectly flexible.
c. a government policy of "hands-off" is the best...
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Economy Models: Classical Vs Keynesian
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Chapter 60 / Lesson 1
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Economic models are used by economists to describe capitalist economies. Explore economic models, discover details about the classical and Keynesian models, and learn about the differences between these models.
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