3202EconomicsMedium
Keynesian economics became popular because it was able to explain?
Alow growth rates in the 1950s
Bdemand-pull inflation in the 1960s
Cstagflation in the late 1970s
DThe prolonged existence of high unemployment during the Great depression
Correct answer
D. The prolonged existence of high unemployment during the Great depression
Explanation
The correct answer is The prolonged existence of high unemployment during the Great depression.