Keynes Once Remarked That, in the Long Run, We're All

question 109

Multiple Choice

Keynes once remarked that, in the long run, we're all dead. He was responding to the conventional wisdom of classical economics who argued that:

• A) the supply curve should remain vertical in the long run.
• B) World War I was fought to free Britain from economic ruin.
• C) the depression was only a short-run, temporary departure from full-employment equilibrium.
• D) market-based realities cause the estate tax to be too high.

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Definitions:

Situational Couple Violence

A pattern of physical violence between intimate partners that arises from a specific argument and is not part of a campaign to control the partner.

Primary Perpetrator

The main individual responsible for committing a specific act or offense, particularly in contexts of crime or abuse.

Dominate

To exert control or influence over; to be the most prominent or powerful entity in a given situation.

Unusually Large Amount

A quantity significantly greater than what is standard or expected.