CLEP Principles of Macroeconomics Exam Prep

Answer - B - John Maynard Keynes argued that investment demand does not depend so much upon interest rates, but rather about the expectations about the prosperity of the economy.

Key Takeaway: Keynes was a British economist whose ideas greatly affect modern macroeconomics and economic policies of various governments around the world. His policies and research are the basis for the school of thought that is known as “Keynesian economics” and advocated the use of fiscal policies to help economies out of depressions and recessions.