The Conventional Classification of Motives Often Attributed to Keynes Divides

question 11

Multiple Choice

The conventional classification of motives often attributed to Keynes divides the motives into:

• A)three groups.
• B)two groups.
• C)four groups.
• D)five groups.

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Definitions:

Aggregate Demand

The combined demand for goods and services across an economy, pegged at a particular overall price level during a predetermined time period.

Constitutional Amendment

A formal change or addition proposed or made to a constitution, which alters its content and legal ordering.

Balanced Budget

A financial plan whereby revenues and expenditures are equal, resulting in no deficit for the given period.

Business Cycle

The fluctuations in economic activity that an economy experiences over a period of time, typically characterized by periods of boom and recession.