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

question 87

Multiple Choice

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

• A) prices are flexible.
• 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:

Main Functions

The primary roles or activities that something is designed or used for.

Flexibility Tests

Assessments designed to measure the range of motion of joints, often used to evaluate an individual's physical fitness.

Activity Classes

Organized sessions of physical exercise designed for groups of individuals to improve fitness, skills, or enjoyment.

Body Parts

Components of a living organism's body, including limbs, organs, and systems, which contribute to its structure and functions.