Podcast
Questions and Answers
According to the text, what is the central tenet of Keynesian economics?
According to the text, what is the central tenet of Keynesian economics?
What did John Maynard Keynes assert as the most important driving force in an economy?
What did John Maynard Keynes assert as the most important driving force in an economy?
What did existing economic theory fail to provide during the Great Depression?
What did existing economic theory fail to provide during the Great Depression?
What did Keynesian economists justify government intervention for?
What did Keynesian economists justify government intervention for?
Signup and view all the answers
According to Keynes, what could lead to prolonged periods of high unemployment?
According to Keynes, what could lead to prolonged periods of high unemployment?
Signup and view all the answers