Which of the following statements is correct?
A) Keynesian economics is unrelated to the events of the Great Depression.
B) Classical economics approaches the economy as three separate but interrelated sectors, while Keynesian economics looks at the economy as a whole.
C) Keynesian economics was developed by the Scholastic School at Salamanca in the late medieval period.
D) The classical school of economics was developed during the classical age of Greece.

Question

Quizplus · Accepted Answer

Keynesian economics, developed by John Maynard Keynes, views the economy as a whole and was a response to the Great Depression, contrasting with classical economics which often considers separate sectors.

Which of the Following Statements Is Correct