Question

In The General Theory of Employment, Interest, and Money, Keynes rejected the idea that international trade always helps to achieve economic stability. the ultimate breakdown of the capitalist system is inevitable. budget deficits necessarily cause recessions and inflation. a capitalist economy always gravitates toward high levels of employment.

Answer 1

Answer:

A capitalist economy always gravitates toward high levels of employment.

Explanation:

John Maynard Keynes

This is a man commonly known as an English economist. He was known to be the one wrote a book called "The General Theory of Employment, Interest, and Money" in 1883-1946. It is said that he was most famous for The General Theory of Employment, Interest and Money in 1936. He was known to argued that the best way to deal with prolonged recessions was deficit spending. It was documented that He believed in free market and he is known as the father of modern economics.

The General Theory of Employment, Interest and Money by John Maynard Keynes (1936)

This is said to explains Keynes' theory which was that government deficit spending will help distribute or circulate money, create jobs and promote demand for products.