John Maynard Keynes argued that
A)Macro failure is likely to occur,and it isn't likely to go away.
B)Macro failure is unlikely to occur.
C)Macro failure is likely to occur but will go away quickly.
D)None of the choices are correct.

Question

Quizplus · Accepted Answer

Keynes believed that market failures could lead to macroeconomic failures such as recessions, and that these failures were likely to occur and persist. He believed that government intervention was necessary to stabilize the economy and prevent these failures from lasting too long. Therefore, the best answer is A.

John Maynard Keynes Argued That