Keynes Used the Term ʺAnimal Spiritsʺ to Represent

question 284

Multiple Choice

Keynes used the term ʺanimal spiritsʺ to represent

• A) changes in peopleʹs consumption expenditures.
• B) the ease of forecasting.
• C) investment based on hard facts about the future.
• D) fluctuations in business confidence.

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Definitions:

Ferns

Non-flowering vascular plants that reproduce via spores, possessing large, divided leaves.

Zygote

The initial cell formed when a new organism is produced by sexual reproduction, created by the union of sperm and egg.

Sporophyte

The stage in the plant life cycle that arises from the fertilization of gametes and produces spores for reproduction, distinct from the gametophyte generation.

Gametophyte

The haploid stage in the life cycle of plants that produces gametes, or sex cells, through mitosis.