) Keynes assumed that the price level was fixed because
A. inflation was not a serious problem during the Great Depression.
B. his primary focus was on output and employment.
C. his primary focus was on interest rates and investment spending.
D. of both (a) and (b) of the above.
Answer:D
) Keynes assumed that the price level was fixed because
A. inflation was not a serious problem during the Great Depression. B. his primary focus was on output and employment. C. his primary focus was on interest rates and investment spending. D. of both (a) and (b) of the above.