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

question 190

Multiple Choice

In The General Theory of Employment, Interest, and Money, Keynes rejected the idea that

• A)a capitalist economy always gravitates toward high levels of employment.
• B)budget deficits necessarily cause recessions and inflation.
• C)the ultimate breakdown of the capitalist system is inevitable.
• D)international trade always helps to achieve economic stability.

Recognize the difference between financial and managerial accounting objectives.

Understand how to prepare and interpret the statement of cash flows.

Understand the impact of various transactions on the accounting equation.

Prepare and understand the statement of stockholders' equity.

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