John Maynard Keynes Wrote the General Theory of Employment, Interest

question 91

Multiple Choice

John Maynard Keynes wrote The General Theory of Employment, Interest, and Money (1936) to

• A)improve the gold supply balances of the British government.
• B)prove that the punitive nature of the Treaty of Versailles would ultimately lead to recession in Europe.
• C)prove that active government policy would produce unemployment and high rates of inflation.
• D)demonstrate that pessimistic consumers and businesspersons could reduce their spending and condemn the economy to long-run stagnation.

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Definitions:

Delphi Technique

The Delphi Technique is a structured communication method originally developed as a systematic, interactive forecasting method which relies on a panel of experts.

Employee Morale

The overall outlook, attitude, satisfaction, and confidence that employees feel at work.

Customer Satisfaction

The degree to which a product or service meets or exceeds the customer's expectations.

Months

Divisions of the year, typically consisting of four weeks, used to measure time in calendar systems.