Keynes Argued That the Sum of the Components That Comprise

question 3

Multiple Choice

Keynes argued that the sum of the components that comprise aggregate demand

• A)could add up to an output smaller than the economy is capable of producing,thus resulting in less than full employment.
• B)could add up to an output greater than the economy is capable of producing,thus resulting in less than full employment.
• C)always equaled the output the economy is capable of producing.
• D)equaled the output the economy is capable of producing by definition.

Discuss the influences on William Jennings Bryan and his political platform.

Identify the forward-thinking aspects of the Populist platform.

Analyze the interaction between federal troops and strikes such as the Pullman Strike.

Understand the concept of allocative and productive efficiency in economic production.