The Keynesian explanation of the business cycle is based on
A. the inability of government policy-makers to predict the future course of the economy.
B. shifts in monetary policy undertaken by the Federal Reserve.
C. fluctuations in business confidence.
D. unstable inflationary expectations.
Answer:C
The Keynesian explanation of the business cycle is based on
A. the inability of government policy-makers to predict the future course of the economy. B. shifts in monetary policy undertaken by the Federal Reserve. C. fluctuations in business confidence. D. unstable inflationary expectations.