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:

Puget Sound

A deep inlet of the Pacific Ocean in the U.S. state of Washington, surrounded by Seattle and other cities, known for its diverse marine life and environmental significance.

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An environmental volunteer effort focused on removing pollutants and trash from rivers, lakes, and their surrounding areas to protect water quality.

Sierra Club

is an environmental organization in the United States dedicated to the preservation, protection, and exploration of the earth's natural environments.

Managing Change

The process of overseeing and guiding adjustments or transformations within an organization to achieve a desired outcome.