How Did Keynes Propose to Solve the Problem of High

question 9

Multiple Choice

How did Keynes propose to solve the problem of high unemployment?

• A)Increase the growth rate of the money supply.
• B)Allow wages to decline, so that firms will want to hire more workers.
• C)Put on wage and price controls, so wages won't rise and firms won't have to lay people off to cut costs.
• D)Have the government increase its demand for goods and services.

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Definitions:

Dyad

A social group consisting of two persons, the simplest form of human social interaction.

Triad

A social group consisting of three members, with specific dynamics and interactions distinct from larger or smaller groups.

Groupthink

A phenomenon where the desire for harmony or conformity in a group results in an irrational or dysfunctional decision-making outcome.

Organizational Structure

The framework within which an organization arranges its lines of authority and communications, and allocates rights and duties.