Keynes Was Especially Concerned with Explaining the

question 91

Multiple Choice

Keynes was especially concerned with explaining the

• A)recession of 1920-21.
• B)low levels of output and employment during the Great Depression.
• C)strong economic growth of the 1920s.
• D)high unemployment in Great Britain during the 1920s.

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Definitions:

Dual Labor Market Theory

A theory that suggests the economy is divided into two segments: the primary sector with good jobs and high wages, and the secondary sector with poor jobs and low wages.

Gender Gap

The differences in opportunities, status, attitudes, and conditions for men and women in various aspects of society, including employment and education.

Gendered Institution

An organization or structure in society that perpetuates gender distinctions and hierarchies in its practices and policies.

Labor Force Participation Rate

The percentage of those in a given category who are employed.