Confidence Games Are Divided into Which 2 Categories

question 37

Multiple Choice

Confidence games are divided into which 2 categories?

• A) Short and big cons
• B) Short and long cons
• C) Sending and marks
• D) swindling

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Definitions:

Aggregate Demand Curve

A graphical representation that shows the total amount of goods and services demanded at different price levels in an economy.

Equilibrium Real GDP

The level of Gross Domestic Product at which aggregate supply equals aggregate demand, resulting in no unintended inventory build-up or depletion.

Keynes

An alternate perspective on John Maynard Keynes, highlighting him as a seminal figure whose theories on fiscal policy, investment, and demand management have influence beyond traditional economics.

Cyclical Unemployment

Refers to the unemployment that occurs due to fluctuations in the economy or the business cycle, such as during a recession.