Question

Keynes assumed that the price level was fixed because ______.

Options

• inflation was not a serious problem during the Great Depression.

• his primary focus was on output and employment.

• his primary focus was on interest rates and investment spending.

• both inflation was not a serious problem during the Great Depression and his primary focus was on output and employment.

Answer 1

Both inflation was not a serious problem during the Great Depression and his primary focus was on output and employment.