What Effective Argument Did John Maynard Keynes Use to Influence

question 83

Multiple Choice

What effective argument did John Maynard Keynes use to influence fiscal policy in Canada?  

• A) Balancing the national budget at all times is sound economic policy. 
• B) Natural economic forces are NOT necessarily adequate to move the economy toward its potential output level. 
• C) The government does NOT need to stimulate output in order for the economy to achieve its potential output level. 
• D) Increases in taxes and increases in government purchases are equally effective in closing an expansionary gap.

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Definitions:

Childhood Socialization

The process by which children learn the norms, values, behaviors, and social skills appropriate to their society.

Personality

The combination of characteristics or qualities that form an individual's distinctive character, influencing their behaviors and interactions.

Social Norms

Unwritten rules or expectations for behavior within a society or group, guiding members on what is considered acceptable or standard.

Aptitude

A natural ability or talent that allows an individual to learn or perform certain tasks efficiently.