In the General Theory of Employment, Interest, and Money, Keynes

question 60

Multiple Choice

In The General Theory of Employment, Interest, and Money, Keynes

• A)recommended international trade to increase economic stability after recessions.
• B)encouraged government actions to shorten the recovery time of recessions..
• C)supported free markets.
• D)observed budget surpluses were necessary fixes following budget deficits.

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Definitions:

Unemployment Compensation

Financial payments made to individuals who have lost their jobs until they find new employment, provided by the government or insurance programs.

Social Security

A government program designed to provide financial assistance to retirees, disabled individuals, and survivors of deceased workers.

Externalities

Economic side effects or consequences of an industrial or commercial activity that affect other parties without being reflected in the cost of the goods or services involved, either positively (benefits) or negatively (costs).

Third Parties

Third parties refer to individuals or entities that are not directly involved in a transaction or agreement but may be indirectly affected or have an interest in it.