Which of the Following Was a Central Argument of Keynes's

question 60

Multiple Choice

Which of the following was a central argument of Keynes's General Theory?  

• A) Competition does NOT allocate resources efficiently in a modern industrial economy. 
• B) Full employment can be maintained even during a major recession if wage rates are lowered far enough. 
• C) Modern industrial economies do NOT tend automatically toward full employment rates of output. 
• D) Government can best stabilize the economy by letting the market system automatically adjust toward full employment.

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Definitions:

Relational Symbol

A symbol used in programming and mathematics to compare two values; examples include >, <, ==, !=.

Nested If Statement

An If statement that is contained within another If statement, allowing for more complex decision-making processes with multiple conditions.

Second If-Else Statement

A subsequent conditional statement in a program that executes one block of code if its condition is true, otherwise executes another block of code.

Indentation

The practice of using spaces or tabs at the beginning of lines of code to make the structure and hierarchy clearer.