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John Maynard Keynes quipped,"In the long run we are all dead." Explain how this relates to classical and Keynesian macroeconomic theory.
Judged
Considered or deemed to be in a certain way, often after careful assessment.
Soundness
The attribute of an argument when it is both logically valid and its premises are true.
Cogency
The quality of an argument being convincing or persuasive due to the truth of its premises and its logical structure.
Inductive Argument
Reasoning in which the premises seek to supply strong evidence for (not absolute proof of) the truth of the conclusion.
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