Which of the following statements best characterizes the Keynesian view of busin

Question

Which of the following statements best characterizes the Keynesian view of business cycles?

A) Fluctuations in business activity occur in regular and predictable patterns which cannot be altered.

B) Fluctuations in business activity are to be expected and should be accepted just as changes in the seasons are accepted.

C) Expansions and contractions of the business cycle are symptoms of underlying problems and should be dealt with.

D) The appropriate macroeconomic policy can easily eliminate all fluctuations in business activity.

Explanation / Answer

C) Expansions and contractions of the business cycle are symptoms of underlying problems and should be dealt with

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