Economics · Keynesian Economics
Keynes rejected classical theory mainly because: 1. Wages are not perfectly flexible downward. 2. Saving and investment decisions are taken by the same individuals. 3. Aggregate demand may be insufficient for full employment. Which of the above is/are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 11, 2 and 3
- 21 only
- 32 and 3 only
- 41 and 3 only✓
Correct answer
1 and 3 only
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