John Maynard Keynes Disagreed with the Classical Economists Because He

question 40

Multiple Choice

John Maynard Keynes disagreed with the classical economists because he assumed that

• A)wages and prices adjusted slowly.
• B)international trade played a major role in the macroeconomy.
• C)government intervention in the economy could not reduce business cycles.
• D)unemployment would be eliminated quickly by the invisible hand of the market.

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Definitions:

Convergent Evolution

The process whereby organisms not closely related independently evolve similar traits as a result of having to adapt to similar environments or ecological niches.

Homoplasious Trait

A trait shared by multiple species or individuals due to convergent evolution, not because of a common ancestor.

Monophyletic Group

A set of organisms that includes an ancestral species and all its descendants, representing a single branch on the tree of life.

Paraphyletic

Paraphyletic describes a group of organisms that share a common ancestor, although the group does not include all the descendants of that common ancestor.