The Keynesian View Stresses That

question 219

Multiple Choice

The Keynesian view stresses that:

• A)demand creates its own demand.
• B)there is direct relationship between consumer spending and disposable income.
• C)when aggregate expenditures (demand)can be forever less than full-employment output therefore prolonged unemployment will persist.
• D)all of these are true.

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Definitions:

Four Noble Truths

Central doctrines in Buddhism that outline the nature of suffering, its origin, cessation, and the path leading to its cessation.

Buddhism

A world religion or philosophy founded in the 5th century BCE by Siddhartha Gautama, focused on the elimination of suffering through mindfulness and moral living.

Daoist Chuang-Tzu

An influential philosopher in Daoism known for his contributions to mysticism and philosophy, emphasizing simplicity and harmony with nature.

Essential Realities

The fundamental truths or facts about something, especially those that form its basis or core.