Keynes Believed That Unstable Investment Caused the Great Depression

question 99

Essay

Keynes believed that unstable investment caused the Great Depression. Using the simple Keynesian model,explain how a fall in investment affects equilibrium output.

Acknowledge the limitations of diversification, particularly in eliminating all forms of risk.

Understand the stages of ethical development and their characteristics.

Recognize how businesses can practice social responsibility in decision making.

Identify appropriate workplace actions to improve employees' quality of life.

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Definitions:

Element

Substance composed of atoms of only one kind.

Chemical Characteristics

Properties or behaviors of substances that describe their composition, reactivity, and the changes they undergo during chemical reactions.

Atom

The basic unit of a chemical element, consisting of a nucleus of protons and neutrons, and electrons orbiting the nucleus.

Matter

Anything that occupies space and has mass, composed of atoms or molecules.