Keynes Argued That the Surest Way to Bring the Economy

question 96

Multiple Choice

Keynes argued that the surest way to bring the economy out of the Great Depression was to

• A) rely on expansionary monetary policy.
• B) use expansionary fiscal policy.
• C) impose wage controls to prevent drastic decreases in disposable income.
• D) leave the economy alone and flexible wages and prices would eventually lead to increases in income and employment.

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Definitions:

Biomedical Model

A framework focusing on the biological aspects of disease and illness for diagnosis and treatment, often overlooking psychological and environmental factors.

Microscopic Organisms

Tiny living things, such as bacteria, viruses, and fungi, that can only be seen with a microscope.

19th Century

The period from 1801 to 1900 in the Gregorian calendar, notable for significant industrial, cultural, and political changes globally.

Biopsychosocial Model

A comprehensive model that explains an individual's health condition through biological, psychological, and social factors.