In John Maynard Keynes's Demand-Side Economic Theory, an Economic Recession

question 47

Multiple Choice

In John Maynard Keynes's demand-side economic theory, an economic recession can be shortened through

• A) government spending programs.
• B) the natural workings of the free-market system.
• C) a raising of tariffs in the global economy.
• D) a determination on the part of government not to spend any more than it receives in taxes.
• E) tax cuts for the wealthy.

---

Definitions:

Mixed Strategy

A planning strategy that uses two or more controllable variables to set a feasible production plan.

Operations Managers

Experts in charge of managing, planning, and directing the production process and restructuring business activities for the creation of goods or services.

Aggregate Plan

A strategic approach to production planning that outlines overall output levels and inventory to meet forecasted demand.

Organizational Strategic Goals

Organizational strategic goals are long-term objectives that guide a company's direction and decision-making, aiming to create competitive advantages and ensure sustainability.