Question 1
Who wrote the
General Theory of Employment, Interest, and Money?
◦ Adam Smith
◦ David Ricardo
◦ Milton Friedman
◦ John Maynard Keynes
Question 2
Keynesian economics includes the idea that
◦ economic policies are ineffective.
◦ the economy is basically stable.
◦ prices adjust to clear the markets.
◦ labor markets don't always clear due to wage rigidities.