Answer the questions about Keynes and his history. John Maynard Keynes famously said: "In the long run, we are all dead." the workers will revolt unless the government acts quickly." the government can solve all problems." all you need is love." the economy will decline." Keynes was an economist during the Great Depression. During the Great Depression there was high unemployment and high inflation. high unemployment and low inflation. high unemployment and high deflation. low unemployment and high inflation. low unemployment and low inflation.

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Business

Trystan Klein

3 September, 15:44

Answer the questions about Keynes and his history. John Maynard Keynes famously said: "In the long run, we are all dead." the workers will revolt unless the government acts quickly." the government can solve all problems." all you need is love." the economy will decline." Keynes was an economist during the Great Depression. During the Great Depression there was high unemployment and high inflation. high unemployment and low inflation. high unemployment and high deflation. low unemployment and high inflation. low unemployment and low inflation.

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Vaughn Simpson · Answer 1

Answer:high unemployment and high deflation.

Explanation: The Great depression was a result of stock crash in 1929 which created a terrible and devastating economical situation in the U. S. economy. Almost 50% banks were failing. There was a high and devastating rate of unemployment which increased up to 25% in the U. S and in other states it went to a 35%rise. Many people were homeless and housing prices plummeted or plunged such that they were 30%lpwer than their original economical prices. International trade went down by 65% and prices fell by 10% per each year; hence we can see that the state was facing acute deflation and highest level of unemployment.