Question

Keynesian theory is not based on which which of the following assumptions?
1. supply supply creates its own demand.
2. markets can fail
3. government intervention can reduce the impact of recession
4. aggregate demand determine
national output​

Answer 1

$\huge\mathcal\red{Answer :}$

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First of all u let to know what is Keynesian theory all about.

It is the total spending in the economy and its effects on output, employment

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So, Correct answer is government intervention can reduce the impact of recession.

Answer 2

Answer:

i think 2 would be the answer