Keynes Argued That the Surest Way to Bring the Economy

question 96

Multiple Choice

Keynes argued that the surest way to bring the economy out of the Great Depression was to

• A) rely on expansionary monetary policy.
• B) use expansionary fiscal policy.
• C) impose wage controls to prevent drastic decreases in disposable income.
• D) leave the economy alone and flexible wages and prices would eventually lead to increases in income and employment.

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Definitions:

Outsourcing Strategy

A business policy where a company hires external vendors to perform tasks, handle operations or provide services that are either difficult to manage or are outside of the company's core business.

Quality-Control Problems

Issues related to the process of ensuring a product or service meets a defined set of quality standards.

Core Competency

A central skill or advantage that a business can leverage to distinguish itself from competitors and succeed in its market.

Competitive Standing

A company's position relative to its competitors, measured by factors such as market share, product quality, and brand strength.