If Prompted to Describe Fundamental Beliefs About the Economy,a Keynesian

question 71

Multiple Choice

If prompted to describe fundamental beliefs about the economy,a Keynesian economist would state that

• A) the long run is more important than the short run.
• B) prices are flexible.
• C) more focus should be placed on the short run than the long run.
• D) savings is crucial to growth.
• E) the market tends toward stability and full employment.

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Definitions:

Recessive Gene

A gene that produces its characteristic phenotype only when its allele is identical and not masked by a dominant gene in the pair.

Heterozygous

A genetic condition in which an individual has two different alleles of a gene, one inherited from each parent, contributing to genetic diversity.

Hereditary Transmission

The process by which genetic information is passed from parents to their offspring, determining inherited traits.

Genes

Units of heredity made up of DNA that act as instructions to make molecules called proteins, influencing how organisms develop and function.