Keynes Emphasized the Idea That Wages and Prices Adjusted Very

question 32

True/False

Keynes emphasized the idea that wages and prices adjusted very rapidly bringing an economy back to the full employment level of output.

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Definitions:

Kikuyu

A major ethnic group in Kenya, known for their significant role in the country's agriculture, culture, and politics, as well as their involvement in the struggle for independence.

Mount Visoke

an extinct volcano located in the Virunga Mountains, mostly known for its dense forests and endangered mountain gorillas.

Omens

Events or phenomena considered to foretell future events, typically carrying a supernatural significance.

Interpreted

Understood or explained in a particular way, often involving the analysis of information, data, or events to derive meaning.