Keynes Believed That the Combination of Unplanned and Alternating AD

question 133

True/False

Keynes believed that the combination of unplanned and alternating AD shifts reinforced by multiplier effects causes recurring business cycles.

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Definitions:

Organic Product

A compound or material derived from living organisms or synthesized to resemble a naturally occurring substance.

Major

Describing the most significant or largest component or pathway in a series of compounds or reactions.

Primary Alcohols

Organic compounds that contain a hydroxyl group (-OH) bound to a primary carbon atom, which is connected to only one alkyl group.

Methyl Iodide

A volatile and dense organoiodine compound with the chemical formula CH3I, used as a methylation agent in organic synthesis.