Keynes was concerned that at macroeconomic equilibrium the economy would experience
A)Full employment and price stability.
B)Full employment but not price stability.
C)Price stability but not full employment.
D)Neither full employment nor price stability.

Question

Quizplus · Accepted Answer

Keynes was concerned that macroeconomic equilibrium could occur at a level where there was neither full employment nor price stability, challenging the classical view that the economy would naturally adjust to full employment.

Keynes Was Concerned That at Macroeconomic Equilibrium the Economy Would