Keynesian theory explains business cycles as being the result of changes in
A) the growth rate of the quantity of money.
B) government purchases of goods and services.
C) expected consumption both now and in the future.
D) firms' expectations of future business conditions.
Correct Answer:
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Q197: A decrease in the expected inflation rate
Q202: Which theory emphasizes frequent changes in investment
Q220: A change in the natural unemployment rate
Q221: Which of the following is NOT an
Q222: Keynes used the term "animal spirits" to
Q223: Keynes used the term "animal spirits" to
Q224: Which theory assumes that business cycles occur
Q228: The states that the main source of
Q229: Which of the following is a theory
Q230: The Keynesian explanation of the business cycle
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