The Keynesian Model Provided an Explanation for

question 31

Multiple Choice

The Keynesian model provided an explanation for

• A) the prolonged unemployment of the 1930s.
• B) the double-digit inflation rates of the 1970s.
• C) the high unemployment rates of the 1970s.
• D) the high inflation rates of the 1930s.

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Definitions:

Life Span

The length of time for which a living organism, including humans, exists, from birth to death.

Capital Stock

The total amount of physical, durable goods that a company possesses at any given time, which are used in producing goods and services.

Intangible Assets

Non-physical assets owned by a business that have value, such as intellectual property, goodwill, and brand recognition.

Inventories

Quantities of goods that are held by a company for the purpose of sale in the future or as materials to be used in the production process.