John Maynard Keynes wrote that responsibility for low income and high unemployment in economic downturns should be placed on:
A) low levels of capital.
B) an untrained labour force.
C) inadequate technology.
D) low aggregate demand.

Question

Quizplus · Accepted Answer

According to Keynes, during economic downturns, low income and high unemployment are caused by low aggregate demand. This means that people are not spending enough money to support the economy, which causes businesses to struggle and workers to lose their jobs. Therefore, the responsibility lies with the lack of consumer spending rather than any of the other options presented.

John Maynard Keynes Wrote That Responsibility for Low Income and High