Keynes used the term ʺanimal spiritsʺ to represent
A. changes in peopleʹs consumption expenditures.
B. the ease of forecasting.
C. fluctuations in business confidence.
D. investment based on hard facts about the future.
Answer:C
Keynes used the term ʺanimal spiritsʺ to represent
A. changes in peopleʹs consumption expenditures. B. the ease of forecasting. C. fluctuations in business confidence. D. investment based on hard facts about the future.