727EconomicsMedium
Macroeconomic theory that emphasized the theories of Keynes and de-emphasized the classical theory developed as the result of the failure of?
AThe classical model to explain the prolonged existence of high unemployment during the Great Depression
Bthe economy to grow at a rapid rate during the 1950s
Cfine tuning during the 1960s
Deconomic theory to explain the simultaneous increases in inflation and unemployment during the 1970s
Correct answer
A. The classical model to explain the prolonged existence of high unemployment during the Great Depression
Explanation
The correct answer is The classical model to explain the prolonged existence of high unemployment during the Great Depression.