Question

Keynes was an economist during the Great Depression. During the Great Depression there was:_________
a) low unemployment and high inflation.
b) high unemployment and high deflation.
c) low unemployment and low inflation.
d) high unemployment and low inflation.
e) high unemployment and high inflation

Answer 1

Answer:

b) high unemployment and high deflation.

Explanation:

Keynes was an economist during the Great Depression. During the Great Depression there was;

- High unemployment

- High deflation.

John Maynard Keynes who was born on the 5th of June 1883, was a British economist.

During the Great Depression, John Maynard Keynes promoted expansionary actions to encourage economic recovery.

Answer 2

Keynes was an economist during the Great Depression. During the Great Depression there was:_________

a) low unemployment and high inflation.

b) high unemployment and high deflation.<===== The answer

c) low unemployment and low inflation.

d) high unemployment and low inflation.

e) high unemployment and high inflation