Keynes argued that the surest way to bring the economy out of the Great Depression was to rely on expansionary monetary policy. use expansionary fiscal policy. impose wage controls to prevent drastic decreases in disposable income. leave the economy alone and flexible wages and prices would eventually lead to increases in income and employment.

Keynes argued that the surest way to bring the economy out of the Great Depression was to rely on expansionary monetary policy. use expansionary fiscal policy. impose wage controls to prevent drastic decreases in disposable income. leave the economy alone and flexible wages and prices would eventually lead to increases in income and employment.

MACROECONOMICS FOR TODAY

10th Edition

ISBN:9781337613057

Author:Tucker

Publisher:Tucker

Chapter16: Monetary Policy

Section16.A: Policy Disputes Using The Self Correcting Aggregate Demand And Supply Model

Problem 1SQ

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