Which of the Following Is Not an Argument Offered by Keynesians

question 15

Multiple Choice

Which of the following is not an argument offered by Keynesians in their critique of classical economists?

• A) Says Law is invalid.
• B) Prices and wages are flexible.
• C) Lower interest rates might not always induce new investment spending.
• D) Falling demand will produce rising unemployment.

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Definitions:

Implied Ratification

The act of accepting and endorsing previous actions or decisions unofficially or through indirect conduct, even without formal approval.

Age of Majority

The legally defined age at which an individual is considered an adult and responsible for their actions.

Voidable

A legal term for a transaction or agreement that is valid and enforceable on the surface but may be declared void by one or more of the parties involved.

Emancipation

The process by which a minor is legally freed from control by their parents or guardians and the parents are freed from any and all responsibility toward the child.