In regard to describing how the economy functions,Keynesian economists claim that:
A) more focus should be placed on the long run than the short run.
B) markets, especially prices, are able to change only slowly.
C) savings is crucial to growth.
D) the market tends toward stability and full employment.
E) the economy does not need help in moving back to full employment.

Question

Quizplus · Accepted Answer

Keynesian economists believe that markets, especially prices, are slow to change and may not always efficiently allocate resources leading to fluctuations in the economy. They promote government intervention to stabilize the economy in the short run and reduce unemployment, and prioritize managing aggregate demand over savings or long-term growth.

In Regard to Describing How the Economy Functions,Keynesian Economists Claim