Which of the following statements about British economist John Maynard Keynes is FALSE? a)Keynes believed that economic theories should be tested empirically. b)Keynes believed that the Great Depression had been made worse by too much government regulation, which prevented businesses from operating efficiently. c)Keynes believed that neoclassical models showing that the market is self-correcting might not accurately reflect reality. d)Keynes believed that, to end the Great Depression, the government must intervene in the economy to create demand.
Which of the following statements about British economist John Maynard Keynes is FALSE? a)Keynes believed that economic theories should be tested empirically. b)Keynes believed that the Great Depression had been made worse by too much government regulation, which prevented businesses from operating efficiently. c)Keynes believed that neoclassical models showing that the market is self-correcting might not accurately reflect reality. d)Keynes believed that, to end the Great Depression, the government must intervene in the economy to create demand.
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Question
Which of the following statements about British economist John Maynard Keynes is FALSE?
a)Keynes believed that economic theories should be tested empirically.
b)Keynes believed that the Great Depression had been made worse by too much government regulation, which prevented businesses from operating efficiently.
c)Keynes believed that neoclassical models showing that the market is self-correcting might not accurately reflect reality.
d)Keynes believed that, to end the Great Depression, the government must intervene in the economy to create demand.
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