Which economist is known for the theory that "animal spirits" influence the business cycle?
A. Milton Friedman
B. Adam Smith
C. John Maynard Keynes
D. Karl Marx

Question

Sefton · Answer

The correct answer is letter C. John Maynard Keynes introduced the idea of "animal spirits," referring to the emotional and psychological factors that drive business investment decisions. In his theory, optimism leads to investment booms, while fear leads to recessions.

Answered by Sefton | 2025-05-22

Which economist is known for the theory that "animal spirits" influence the business cycle? A. Milton Friedman B. Adam Smith C. John Maynard Keynes D. Karl Marx

Answer (1)

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Which economist is known for the theory that "animal spirits" influence the business cycle?
A. Milton Friedman
B. Adam Smith
C. John Maynard Keynes
D. Karl Marx

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[Sagot para sa’yo] Give an example of a cultural symbol that represent Filipino identity. Explain why you consider it as a cultural symbo