Unlike the Classical Economists,Keynes Asserted That

question 70

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:

Aboriginals

Indigenous peoples who are the original inhabitants of a region or country, often with cultures predating colonial influence.

Visible Minorities

Individuals belonging to a racial or ethnic group that is different from the majority population in a given society, and may be subject to different treatment or discrimination.

Workforce Equality

The practice of ensuring all employees have equal opportunities, treatment, and conditions, regardless of personal characteristics.

Age 65

Often considered the traditional age for retirement in various countries, marking a transition phase in an individual's life.