Which One of the Following Statements Is True

question 198

Multiple Choice

Which one of the following statements is true?

• A) The classical model cannot explain periods of prolonged unemployment.
• B) The Keynesian model cannot explain periods of prolonged unemployment.
• C) The Keynesian model assumes complete flexibility of wages and prices.
• D) The Keynesian model shows that the level of real GDP is supply-determined.

---

Definitions:

James Marcia

A developmental psychologist who expanded on Piaget's work to describe the process of identity formation during adolescence in terms of crisis and commitment.

Identity Achievement Stage

A phase of self-identity exploration where individuals have experienced crisis, explored options, and made commitments to certain goals, values, and beliefs.

Career Options

The range of possible jobs or professions available to an individual based on their interests, skills, and qualifications.

Identity Crisis

A period of uncertainty and confusion in which a person's sense of identity becomes insecure, typically during adolescence or other life transitions.