John Maynard Keynes Argued That If Many Households Decide at the Same

question 50

Multiple Choice

John Maynard Keynes argued that if many households decide at the same time to increase saving and reduce spending,

• A)this may benefit the economy in the short run, but not in the long run.
• B)the economy will benefit in the short run and benefit by an even greater amount in the long run.
• C)this will have a major negative impact on the economy in both the short run and in the long run.
• D)this may benefit the economy in the long run, but could be counterproductive in the short run.
• E)there will be absolutely no impact on the economy in the short run or the long run.

---

Definitions:

Palpates

The method of examining the body by touch, especially for the purpose of diagnosing disease or illness.

Apgar Score

A quick test performed on a newborn at 1 and 5 minutes after birth to assess the baby's heart rate, respiratory effort, muscle tone, reflex response, and color, which indicates overall health.

Respiration

The act of breathing; transport of oxygen from the atmosphere to the body cells and transport of carbon dioxide from the cells to the atmosphere.

Extremities Blue

A condition where the hands, feet, fingers, or toes turn blue due to poor circulation or inadequate oxygenation of the blood.