What Could Keynes Have Meant by His Now Famous Statement

question 218

Multiple Choice

What could Keynes have meant by his now famous statement, "in the long run we are all dead?"

• A) Government intervention is destabilizing, will lead to slower growth in the long run, and will prevent an economy from self-regulating.
• B) Government intervention in the economy is necessary in times of recession because an economy rarely restores itself to full-employment.
• C) Government intervention in the economy is useless because it takes too long to take effect.
• D) Government intervention in the economy is only effective if it is not erratic.

---

Definitions:

Transparency

The practice of being open, honest, and straightforward about various company operations and decisions, fostering trust and accountability.

Strategy Developer

An individual or entity responsible for creating and implementing plans or strategies to achieve specific goals or objectives.

Framing Financial Policies

The process of developing and establishing guidelines or principles for managing an organization's financial resources.

Accounting Department

A division within a company responsible for managing financial records, payroll, invoicing, and ensuring compliance with financial regulations.