Keynes believed that: a. discretionary fiscal policy was needed ...

[geoffrey]

Keynes believed that:
 a. discretionary fiscal policy was needed to stabilize the economy.
 b. wages are not flexible particularly in a downward direction.
 c. the economy could remain in a period of unemployment for a long time period.
  d. all of the above.

Question 2

An asset is said to be illiquid when:
 a. it lacks purchasing power.
  b. it cannot act as a store of value.
  c. it is an illegal tender.
  d. it cannot be readily exchanged for goods.
  e. it cannot be used to settle debts.

[jordangronback]

Answer to Question 1

d

Answer to Question 2

d