According to John Maynard Keynes

question 21

Multiple Choice

According to John Maynard Keynes:

• A) aggregate expenditures (demand) can be forever inadequate to achieve full employment.
• B) aggregate output (supply) can be forever inadequate to achieve full employment.
• C) the economy would automatically adjust to full employment in the long run.
• D) neither aggregate demand nor aggregate supply is a determinant of full-employment real GDP.

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Definitions:

Damages

Compensation claimed by or awarded to a person as a remedy for loss or injury suffered due to another's negligence or wrongdoing.

Independent Contractor

A person or entity contracted to perform work for another entity as a non-employee.

Employment

The condition of having paid work, a job, or a professional occupation.

Non-Unionized Business

A workplace where the workforce is not represented by a labor union, affecting collective bargaining and worker rights.