John Maynard Keynes noted that
A)we could print all the money we want and still have scarcity.
B)"to secure the greatest amount of pleasure with the least possible outlay should be the aim of all economic effort."
C)the general notion that scarcity is due to not having enough money is an illusion.
D)we could print all the money we want and still have scarcity AND the general notion that scarcity is due to not having enough money is an illusion.
E)we could print all the money we want and still have scarcity AND "to secure the greatest amount of pleasure with the least possible outlay should be the aim of all economic effort."

Question

Quizplus · Accepted Answer

Keynes highlighted the concept that simply printing more money does not solve the fundamental issue of scarcity, and he also emphasized that the belief scarcity is merely a result of insufficient money is a misconception. These ideas are integral to understanding the limitations of monetary policy in addressing economic scarcity and the complexities of economic value and distribution.

John Maynard Keynes Noted That