According to the Keynesian Theory of Income and Employment

question 94

Multiple Choice

According to the Keynesian theory of income and employment,

• A) the economy automatically tends toward equilibrium at the level of full employment.
• B) the economy never tends toward equilibrium.
• C) the economy may be in equilibrium at less than full employment.
• D) the economy's level of employment is unrelated to its level of income.

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Definitions:

After Meals

A term used to indicate that medication should be taken or an action performed after eating.

Without

Lacking or not including something; absence of.

Immediately

Without delay; happening right away.

International 24-Hour Clock

A timekeeping system that runs from midnight (00:00) to 23:59, reducing ambiguity compared to 12-hour notation.