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Why was there still high unemployment (9.5%) in 1940 according to Keynesian economists? What was their argument? In other words, what did they think the New Deal was doing wrong…

Why was there still high unemployment (9.5%) in 1940 according to Keynesian economists? What was their argument? In other words, what did they think the New Deal was doing wrong…
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Why was there still high unemployment (9.5%) in 1940 according to Keynesian economists? What was their argument? In other words, what did they think the New Deal was doing wrong?

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User JeremyW
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Answer:

argued that inadequate overall demand

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User Evan Lin
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