Which of the Following Had Been a Traditional Belief Prior

question 65

Multiple Choice

Which of the following had been a traditional belief prior to the economic theories of John Maynard Keynes?

• A) Balanced budgets were sacred.
• B) A bimetallic standard was superior to the gold standard.
• C) Depressions typically emerged from a consumer's crisis of confidence.
• D) A national economy always benefited from a trade surplus.
• E) Deficits are not a problem, as long as they do not enlarge national debt.

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Definitions:

Quantitative Researchers

Specialists who focus on gathering and analyzing numerical data for statistical analysis to derive empirical insights and conclusions.

Hypothesis

A preliminary explanation suggested based on minimal evidence to initiate more detailed investigation.

Statistical Tests

Procedures used in statistics to determine the significance or reliability of collected data or observed differences.

Quantitative Research

A systematic investigation technique that focuses on quantifying the collection and analysis of data, often using statistical tools.