Keynesian Theory Was a Response to the Prevailing

question 52

Multiple Choice

Keynesian theory was a response to the prevailing

• A) classical theory that held that the economy could suffer from a period of sustained unemployment.
• B) classical theory that held that the economy is self-correcting.
• C) monetarist theory that held that the economy is self-correcting.
• D) monetarist theory that held that monetary policy should be used to return the economy to its potential output.

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Definitions:

David Wechsler

A psychologist known for developing several widely used intelligence scales, including the Wechsler Adult Intelligence Scale (WAIS).

Understanding of Intelligence

The comprehension of the nature, measurement, and implications of cognitive abilities and processes.

Measured

Measured refers to something that has been quantitatively assessed or determined using specific instruments or criteria.

Army Alpha

A group-administered intelligence test developed for the U.S. Army during World War I to assess recruit literacy and mental ability.