According to British economist J. M. Keynes _____ was the main cause of massive decline in income and employment during Great Depression of 1930.
CA Foundation · Business Economics · MTP · January 2025
According to British economist J. M. Keynes _____ was the main cause of massive decline in income and employment during Great Depression of 1930.
Suggested Answer and Working Notes:
Correct Answer: Option (A)
A. Lower aggregate expenditure in the economy.
Topics: Public Finance
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