Which of the Following Is a Difference Between the Theories

question 104

Multiple Choice

Which of the following is a difference between the theories of John Maynard Keynes and the classical economists?

• A)Unlike Keynesian economists,classical economists believed that unemployment was a serious long-term problem.
• B)Unlike Keynesian economists,classical economists advocated that the economy was always in equilibrium.
• C)Unlike Keynesian economists,classical economists believed that the economy would always settle at full employment.
• D)Unlike Keynesian economists,classical economists did not believe that the economy was always in equilibrium.
• E)Unlike Keynesian economists,classical economists believed a glut created an unemployment problem for the economy.

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Definitions:

Synthetic Division

A streamlined method for dividing polynomials, focusing on the coefficients and omits variables and exponents for efficiency.

Polynomial

An algebraic expression consisting of variables and coefficients, combined using only addition, subtraction, multiplication, and non-negative integer exponents.

Numerator

The top part of a fraction that represents how many parts of the whole or group are being considered.

Denominator

The bottom part of a fraction that indicates into how many parts the whole is divided.