According to Keynes, a pessimistic outlook causes consumers and businesspersons to ____, and a recession could occur.
A)increase planned investment
B)decrease planned spending
C)increase exports
D)decrease imports
E)decrease saving

Question

Quizplus · Accepted Answer

According to Keynes, if consumers and businesspersons have a pessimistic outlook, they are likely to decrease their planned spending, which could lead to a recession.

According to Keynes, a Pessimistic Outlook Causes Consumers and Businesspersons