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.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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