Question
How do the Austrian/classical economists and the Keynesian economists differ in their beliefs about what causes recessions? a) Austrian/classical economists believe recessions are caused by
How do the Austrian/classical economists and the Keynesian economists differ in their beliefs about what causes recessions?
a) Austrian/classical economists believe recessions are caused by a deficit of spending, while Keynesian believe recessions are caused by a misallocation of resources from the previous boom.
b) Austrian/classical economists believe recessions are caused by a increase in the money supply, while Keynesian believe recessions are caused by a increase in aggregate spending.
c) Austrian/classical economists believe recessions are caused by a misallocation of resources from the previous boom, while Keynesian believe recessions are caused by a deficit of spending
d) Austrian/classical economists believe recessions are caused by a increase in aggregate spending, while Keynesian believe recessions are caused by a increase in the money supply
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International Marketing And Export Management
Authors: Gerald Albaum , Alexander Josiassen , Edwin Duerr
8th Edition
1292016922, 978-1292016924
