Economists Before Keynes Assumed That Equilibrium GDP Occurred

question 180

Multiple Choice

Economists before Keynes assumed that equilibrium GDP occurred

• A)automatically.
• B)only with the help of government stabilization.
• C)if spending was generally greater than output.
• D)only in socialist economies with central planning.

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Definitions:

Personality Development

The formation and growth of the enduring patterns of thought, feeling, and behavior that distinguish an individual.

Cognitive Structures

The mental frameworks and concepts that individuals use to organize and interpret information.

Gender Schemas

Cognitive frameworks that organize information related to gender, influencing how individuals perceive and interact with their social world.

Psychodynamic

A psychological theory or approach that emphasizes unconscious psychological processes (e.g., wishes, fears) and contends that childhood experiences are crucial in shaping adult personality.