Which of the Following Is a Difference Between John Maynard

question 104

Multiple Choice

Which of the following is a difference between John Maynard Keynes and the classical economists?

• A)Keynes did not believe that unemployment was a serious long-term problem; the classical economists did.
• B)Keynes did not believe that the economy was always in equilibrium; the classical economists did.
• C)Keynes did not believe that the economy necessarily settled at full employment; the classical economists did.
• D)Keynes believed that the economy was always in equilibrium; the classical economists did not.
• E)Keynes believed that a general glut of output was a good thing for the economy; the classical economists believed a glut created an unemployment problem for the economy.

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Definitions:

Board of Director's Approval

Formal sanction or consent given by a company's board for specific actions or decisions.

Assets

Economic resources or valuable items owned by an individual or business, capable of being converted into cash.

Dissenting Shareholder

A shareholder who disagrees with a corporate decision and is granted certain rights, like the right to be bought out under specific conditions.

Appraisal Right

A dissenting shareholder’s right to have his or her shares appraised and to receive monetary compensation from the corporation for their value.