Which of the following is true about Keynes?
A) He focused primarily on reducing inflation by shifting aggregate supply
B) He was a classical economist and prescribed a policy of laissez faire
C) He believed aggregate demand could be inadequate to ensure full employment
D) He was opposed to government intervention in the economy

Question

Quizplus · Accepted Answer

Keynes believed that in certain circumstances, aggregate demand could be inadequate to ensure full employment. He argued that in a recession, government intervention and increased spending were necessary to stimulate demand and boost employment.

Which of the Following Is True About Keynes