Keynes's Theory of Macroeconomics Rejects Classical Macroeconomists' Assumptions That

question 91

Multiple Choice

Keynes's theory of macroeconomics rejects classical macroeconomists' assumptions that

• A) prices and wages are flexible.
• B) all investment comes from saving.
• C) self-correction takes a long time.
• D) equilibrium can be achieved below full employment.

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Definitions:

SWOT Analysis

A methodology for strategic planning that helps in recognizing and comprehending the strengths, weaknesses, opportunities, and threats associated with competing in business or planning a project.

Internal Sources

Funding or resources generated from within an organization, including retained earnings, sale of assets, or employee skills and knowledge.

Inadequate Employee Skills

The gap between the skills employees have and the skills required for them to effectively perform their job roles.

SWOT Analysis

A strategic planning tool used to identify Strengths, Weaknesses, Opportunities, and Threats related to business competition or project planning.