If Asked About the Basic Functioning of the Economy,a Keynesian

question 64

Multiple Choice

If asked about the basic functioning of the economy,a Keynesian economist would state that:

• A) markets, especially prices, are able to change quickly.
• B) the market tends toward stability and full employment.
• C) the market tends toward instability and cyclical unemployment.
• D) savings is crucial to growth.
• E) the long run is more important than the short run.

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Definitions:

Copula

In logic and grammar, a word or expression that links the subject of a sentence to a predicate, such as "is" in "The sky is blue."

Quantifier

A symbol or word used in logic and mathematics to specify the quantity of subjects to which a statement applies.

Complete Proposition

A statement or assertion that conveys a complete thought or idea, typically containing a subject and predicate that make a declarative statement.

Shading

The act of adding gradations of darkness or color to an artwork to indicate shadow or depth.