<u>Problem of classical economics pointed by John Maynard keynes:</u>
He was complaining about economists who believed that unemployment would be reduced or eliminated after the recession if the market is not somehow stimulated or steered in right direction. He agreed that this strategy can work in long run, however, in short run, it would pose some problems due to people’s nature of hoarding money and banking preferences.
The classical economists believed that in the midst of a great depression and recession, the government should not do much and the economy would recover on its own which may take decades for such to happen.
Consumers have a spending alternatives when there more than one option to choose from when making a purchase.
<h3>What is a
spending alternatives?</h3>
This refers to the alternatives that a consumers have to choose from on how to buy a product or services.
Hence, this means they have a spending alternatives when there more than one option to choose from when making a purchase.
Therefore, the Option C is correct.
Read more about spending alternatives
<em>brainly.com/question/25815053</em>
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The excerpt is from the English Bill of Rights. It was passed in 1689. Together with <em>Magna Carta</em>, the <em>Act of Settlement</em>, and the <em>Acts of Parliament</em>, it has become one of the <em>most important and former documents of English constitutional law</em>. The English Bill of Rights is an act passed by the Parliament of England. It addresses the separation of powers, the powers of the king and queen, the democratic election, and the freedom of speech. It contributed to the establishment of parliamentary independence, which gives the legislative body of Parliament absolute supremacy over all other government institutions.
