The Keynesian Revolution Was Based on the Assumption of Price

question 15

Multiple Choice

The Keynesian revolution was based on the assumption of price and wage ________ and thus the need for an activist ________ policy.

• A)flexibility,monetary
• B)flexibility,fiscal
• C)stickiness,monetary
• D)stickiness,fiscal

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Definitions:

Gills

(1) Moist, thin structures that extend outward from the body surface onto a respiratory medium (water or air); surfaces for gas exchange, mainly in aquatic animals. (2) The spore-bearing, platelike structures under the caps of mushrooms

Mycorrhizae

Symbiotic associations between fungi and plant roots, which enhance nutrient and water absorption by the plants.

Photosynthetic

A process by which green plants and some other organisms use sunlight to synthesize foods from carbon dioxide and water, involving the green pigment chlorophyll.

Chloroplasts

Organelles found in plant cells and eukaryotic algae that conduct photosynthesis, converting light energy, water, and carbon dioxide into oxygen and glucose.