Author Question: How did John Maynard Keynes believe the government should respond to the fluctuations of the ... (Read 83 times)

Diane · **on:** Sep 3, 2018

How did John Maynard Keynes believe the government should respond to the fluctuations of the business cycle?

A) He believed the government could and should do something to control the business cycle.
B) He believed the government should not be involved in trying to control the business cycle.
C) He had the same views as Friedrich Hayek on the involvement of government in the business cycle.
D) He believed that the business cycle should be controlled by those who ran business.
E) He thought the voters should be in control of the business cycle.

Question 2

Which of these terms is an economic condition characterized by price increases linked to a decrease in the value of the currency?

A) depression
B) inflation
C) stagflation
D) downturn
E) recession