What Was Suggested by Keynes to Move the Economy Out

question 46

Multiple Choice

What was suggested by Keynes to move the economy out of a depressed state?

• A)The invisible hand
• B)The price mechanism
• C)Monetary and fiscal policy
• D)Zero government intervention

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Definitions:

Standard Of Living

The level of wealth, comfort, material goods and necessities available to a certain socioeconomic class or a certain geographic area.

Bountiful Harvest

An exceptionally large and plentiful crop yield within a particular season.

Barriers To Trade

Measures implemented by governments or economic blocs to restrict or control the free exchange of goods and services across borders, including tariffs, quotas, and regulations.

Economic Growth

A rise in the output of goods and services within an economy over a specific time frame, usually quantified by the Gross Domestic Product (GDP).