What Could Keynes Have Meant by His Now Famous Statement

question 218

Multiple Choice

What could Keynes have meant by his now famous statement, "in the long run we are all dead?"

• A) Government intervention is destabilizing, will lead to slower growth in the long run, and will prevent an economy from self-regulating.
• B) Government intervention in the economy is necessary in times of recession because an economy rarely restores itself to full-employment.
• C) Government intervention in the economy is useless because it takes too long to take effect.
• D) Government intervention in the economy is only effective if it is not erratic.

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Definitions:

Median Number

The middle value in a data set when the values are arranged in ascending or descending order.

Lifetime

The duration of time that an individual lives, from birth to death.

Duration Of Intercourse

The length of time from the initiation to the completion of sexual activity between partners.

Minutes

Units of time equal to sixty seconds, commonly used to measure duration or time intervals.