Unlike the Classical Economists,Keynes Asserted That

question 100

Multiple Choice

Unlike the classical economists,Keynes asserted that

• A)The economy was inherently unstable.
• B)Laissez faire policies would lead to macro equilibrium.
• C)Prices and wages were flexible.
• D)Markets would naturally self-adjust.

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Definitions:

Bookkeeping Systems

Organized practices and procedures for recording financial transactions and maintaining financial records for a business.

Pegboard

A board with a grid of holes designed to organize tools, parts, or materials, often used in workshops or craft areas.

Cost-Ratio Analysis

Cost-ratio analysis is a method of comparing the cost of an action to its benefits, often used in business and economics to determine the most economically feasible option.

Cost-Benefit Analysis

An economic evaluation technique that compares the costs and benefits of different projects or decisions to ensure efficient allocation of resources.