The Keynesian Explanation of the Business Cycle Is Based on

question 194

Multiple Choice

The Keynesian explanation of the business cycle is based on

• A) the inability of government policy-makers to predict the future course of the economy.
• B) shifts in monetary policy undertaken by the Federal Reserve.
• C) fluctuations in business confidence.
• D) unstable inflationary expectations.

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Definitions:

Voucher System

A method of accounting in which documents are used to authorize and record transactions.

Cash Receipts

Money received by a business from its operations, including cash sales and collections on credit accounts.

Bank Reconciliation

The process of comparing and adjusting the balance of an account as reported by a bank to the balance in a company’s financial records.

Maximum Benefit

The highest possible advantage or gain that can be achieved from a particular action or resource.