John Maynard Keynes Argued That _______

question 121

Multiple Choice

John Maynard Keynes argued that _______

• A) flexibility in wages and prices could block adjustments to full employment.
• B) stickiness in wages and prices could block adjustments to full employment.
• C) wage and price rigidities were caused by producer and consumer expectations about future prices.
• D) wage and price rigidities could be eliminated by government wage and price setting.

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Definitions:

Economic Service

Services that lead to the production of economic value, including industry, banking, transportation, and any service contributing to the economy.

Wild Species

Plants, animals, and organisms that grow or live wild in an area without being introduced by humans.

Human Activities

Actions undertaken by humans that affect the natural environment, which can include industrial production, agriculture, and urban development.

COSEWIC

The Committee on the Status of Endangered Wildlife in Canada, responsible for assessing the conservation status of species at risk.