John Maynard Keynes Argued That If Many Households Decide at the Same

question 296

Multiple Choice

John Maynard Keynes argued that if many households decide at the same time to increase saving and reduce spending

• A)this will increase investment spending in the short run and expand the economy in the long run.
• B)the economy will benefit in the short run but the effect will not last into the long run.
• C)this will have a major negative impact on the economy in both the short run and in the long run.
• D)they may make themselves worse off by causing aggregate expenditure to fall,thereby pushing the economy into a recession.

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Definitions:

ICD-9

International Classification of Diseases, Ninth Revision, a system used worldwide for coding various diseases and symptoms for health records, billing, and statistics; replaced by ICD-10.

HIV Positivity

Refers to the state of being infected with the Human Immunodeficiency Virus (HIV), which is a virus that attacks the immune system.

Serology

The scientific study and diagnostic examination of blood serum, especially with regard to the response of the immune system to pathogens or introduced substances.

HIV-Related Illness

Health conditions that are directly associated with the progression of the human immunodeficiency virus (HIV) infection.