Economists Before Keynes Assumed That Equilibrium GDP Occurred

question 180

Multiple Choice

Economists before Keynes assumed that equilibrium GDP occurred

• A)automatically.
• B)only with the help of government stabilization.
• C)if spending was generally greater than output.
• D)only in socialist economies with central planning.

Comprehend the definition, role, and impact of beliefs within a culture.

Recognize the characteristics and values of America's dominant culture.

Distinguish between different norms and the varying seriousness of their associated social sanctions.

Analyze the influence of language on social inequality and the importance of language in culture.

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Definitions:

Negligence

The failure to exercise the care that a reasonably prudent person would exercise in like circumstances, leading to unintended harm or damage.

Unusual Circumstances

Situations that are not common or expected and often require special consideration or handling.

Prove

To establish the truth or validity of something through evidence or argument.

Tortious Act

A wrongful action causing harm or injury to another, leading to civil legal liability outside of breach of contract.