Question

Keynesian economics focuses on explaining why recessions and depressions occur, as well as offering a ______________________ for minimizing their effects.A. pricing strategyB. macro-economic modelC. set of menu costsD. policy prescription

Answer 1

Answer: (D) Policy prescription

Explanation:

 The policy prescription is refers to the analysis of the policy that is economically prescribed and it majorly focuses on explain the occurrence of the recession and the depression for reducing their specific effects.

 The policy prescription best describe about the function of the policies about the economical recovery. According to the question, the Keynesian focus on the policy prescription for minimize their actual effects.

Therefore, Option (D) is correct.