After Witnessing the Events in the Great Depression,Keynes Took the View

question 20

Multiple Choice

After witnessing the events in the Great Depression,Keynes took the view that an economy would continually suffer major output fluctuations because of the volatility of

• A)autonomous spending,particularly planned investment spending.
• B)induced spending,particularly consumer expenditures.
• C)autonomous spending,particularly consumer expenditures.
• D)autonomous spending,particularly government expenditures.

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Definitions:

Spending Power

The ability of an individual or entity to purchase goods and services, influenced by income, savings, and credit availability.

Corporate Political Speech

Expressions by corporations regarding political issues or candidates, protected under certain legal frameworks to varying degrees.

First Amendment

An amendment to the United States Constitution that protects various rights, including freedom of speech, religion, press, assembly, and the right to petition the government.

Privileges and Immunities Clause

A provision in the U.S. Constitution that prevents a state from treating citizens of other states in a discriminatory manner.