Answer-Keynes assumed that the price level was fixed because

Keynes assumed that the price level was fixed because inflation was not a serious problem during the Great Depression.

Question

Keynes assumed that the price level was fixed because

A inflation was not a serious problem during the Great Depression.

B his primary focus was on money supply.

C his primary focus was on interest rates and investment spending.

D Both (a) and (b) of the above.

E None of the above

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