The Keynesian View of the World Is That the

question 196

Multiple Choice

The Keynesian view of the world is that the

• A)self-correcting mechanism is unreliable.
• B)benefits of fighting unemployment are high and the costs are low.
• C)short-run Phillips curve is relatively flat.
• D)All of these responses are correct.

---

Definitions:

Molten Aluminum

Aluminum in a liquid state, achieved by heating the metal beyond its melting point.

Onerous Obligations

Duties or responsibilities that are burdensome or involve a substantial amount of effort, cost, or difficulty.

Oil Embargo

An oil embargo is a prohibition on the trade of oil, typically imposed by one or more countries against another, often used as a political tool or sanction.

Laryngitis

Inflammation of the larynx, often causing a hoarse voice or loss of voice.