Why did keynesian analysis emphasize this concept?
a. keynes viewed the total amount of outpu...
Why did keynesian analysis emphasize this concept?
a. keynes viewed the total amount of output demanded in the economy as being the same as planned expenditure. this is true when the planned expenditure on goods and services is equal to the actual amount of goods and services produced.
b. keynes viewed the total amount of output demanded in the economy as being the same as planned expenditure. this is true when the planned expenditure on goods and services is less than the actual amount of goods and services produced.
c. keynes viewed the total amount of output demanded in the economy as being the same as planned expenditure. this is true when the planned expenditure on goods and services is more than the actual amount of goods and services produced.
d. keynes believed that planned expenditure is the amount that households, businesses, the government, and foreigners actually do spend, which equals the total amount of output produced in the economy.
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