According to Keynes, what does the term "animal spirits" refer to?
A) unstable investment spending
B) unstable consumption spending
C) unstable government spending
D) unstable exports

Question

According to Keynes, what does the term "animal spirits" refer to?  
A) unstable investment spending 
B) unstable consumption spending 
C) unstable government spending 
D) unstable exports

Quizplus · Accepted Answer

According to Keynes, "animal spirits" refer to the unpredictable and emotional motivations that drive investment decisions, leading to unstable investment spending.

According to Keynes, What Does the Term "Animal Spirits" Refer