Keynes' analysis showed that ______ were necessary for full employment and economic growth.
A) inflexible prices
B) inflexible wages
C) high interest rates for consumers
D) high levels of aggregate demand

Question

Quizplus · Accepted Answer

Keynes' analysis emphasized that high levels of aggregate demand are necessary to achieve full employment and stimulate economic growth. He argued that during periods of economic downturn, private sector demand often falls short, necessitating government intervention to boost spending and investment.

Keynes' Analysis Showed That ______ Were Necessary for Full Employment