John Maynard Keynes Argued That _______

question 121

Multiple Choice

John Maynard Keynes argued that _______

• A) flexibility in wages and prices could block adjustments to full employment.
• B) stickiness in wages and prices could block adjustments to full employment.
• C) wage and price rigidities were caused by producer and consumer expectations about future prices.
• D) wage and price rigidities could be eliminated by government wage and price setting.

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Definitions:

Frustrated

A feeling of irritation or annoyance due to obstacles, setbacks, or difficulties preventing one from achieving their goals.

Outcomes

The results or consequences of actions, often used in an educational context to refer to the skills or knowledge gained.

Mindset

An established set of attitudes or beliefs held by someone.

Personality

The combination of characteristics or qualities that form an individual's distinctive character, affecting thoughts, feelings, and behaviors.