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According to Keynes, business confidence is something that changes very slowly over time. a. True b....

According to Keynes, business confidence is something that changes very slowly over time.

a. True b. False
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Answer #1

Answer- A.TRUE

Reason- Business confidence describes the forward-looking expectations of the firms.

Keynes named the term “animal spirits” to describe the fluctuating confidence,
Animal spirits refer to mindsets of the businesses and consumers.

Business confidence usually measured by survey.
Firms are asked about their expectations for next 6-12 months. They are asked whether they plan to raise prices and asked about their plans for employment in the months ahead.

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