Why was the double-digit unemployment of the Great Depression when Keynes wrote The General Theory of Employment,

Question:

Why was the double-digit unemployment of the Great Depression when Keynes wrote The General Theory of Employment, Interest and Money helpful in leading to its general acceptance?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Exploring Economics

ISBN: 9781544336329

8th Edition

Authors: Robert L. Sexton

See More Books

Question Posted: Jan 20, 2023 01:37 AM

See More Questions

The unemployment rate during the Great Depression peaked at nearly 25 percent in 1933, after an initial spike from 3 percent in 1929 to nearly 8.7 percent in 1930. The unemployment rate is just 5...
Why was the Great Depression an especially appropriate time to use fiscal policy rather than just monetary policy alone?
The Great Depression was the worst economic disaster in U.S. history in terms of declines in real GDP and increases in the unemployment rate. Use the data in the following table to calculate the...
find the steady state expression for vo in the circuit fig 9.32 if ig = 500cos2000tmA 3) 9.32 Find the steady-state expression for u,, in the circuit of Fig. P9.32 if i = 500 cos 2000 mA. Figure...
Table 2.16 contains a portion of the data in the file named Fortune. Data on stockholders equity, market value, and profits for a sample of 50 Fortune 500 companies are shown. a. Prepare a...
Review Exhibit 7.5 , which outlines the the steps involved in the two-stage allocation process for overhead costs. Describe examples of each of these steps for a hospital where the cost object is a...
An offeror extends an offer to settle a claim for $$15,000.$ The offeree responds, Could your $$15,000$ offer be increased to $$17,500?$ Is this a rejection?
Deepa Chungi wishes to develop an average or index that can be used to measure the general behavior of stock prices over time. She has decided to include 6 closely followed, high-quality stocks in...
Question Two. Evaluate the levels of management Question Three. [15 marks] A chief executive officer cannot perform all the activities in organization; discuss the importance of the organizing...
How much would taxable income have to grow for a 10% tax rate reduction to raise total tax revenues?
What relationship does the short-run aggregate supply curve represent?
Loveless Corporation had the following 2015 income statement. In 2015, Loveless had the following activity in selected accounts. Prepare Lovelesss cash flows from operating activities section of the...
5 Create a building block consisting of the logo, the first two paragraphs, meeting date, and time. Name it Meeting Info and save it as AutoText and put it in the Building Blocks template. Remove the...
What are some strategies that can be used to reduce risk exposure in business? Discuss all strategies.
For the circuit shown in Fig representing a feeder connecting a substation and a load, the substation's voltage is fixed at 1 pu 0 degree (V = 1/0). The feeder's impedance is 0.2 + j0.2 pu. Ask: 1)...
What are audience costs in the context of international relations?
Imagine a world in which an organization can confer global citizenship upon a person. What do you think the criteria would be for consideration?
In global trade, what is meant by the term "integration?"
14. In testing the existence assertion, an auditor ordinarily works from the a. Financial statements to the accounting records. b. General journal to the general ledger. c. Supporting evidence to the...
An article in the Wall Street Journal on the DOJs investigation into possible price fixing by pharmaceutical firms selling generic drugs noted, Agreements among companies to set prices or to divide...
An article in the Wall Street Journal quoted a DOJ antitrust official as saying, Mergers between substantial competitors, especially in already concentrated industries, can give companies far too...
Monopolists are generally very large firms. Does this observation mean that monopolists will always earn a profit? Carefully explain your answer.
What are the types of thread Form and give one application for each type? 5. Explain in details four types of Bolts and Screws and where they can be used?
A certain type of thread is manufactured with a mean tensile strength of 78.3kg and standard deviation of 5.6kg. Assuming that the strength of this type of thread is distributed approximately normal,...
Suppose it is desired to estimate the variance of the tensile strength of a particular type of thread. For 21 pieces of this type of thread, (XiXave) 2 = 2000. Suppose a hypothesis testing procedure...

Why was the double-digit unemployment of the Great Depression when Keynes wrote The General Theory of Employment,

Question:

Step by Step Answer:

The classical school held that persistent high ...View the full answer

Exploring Economics

Students also viewed these Business questions