His Analysis Started with the Recognition That the Total Quantity

question 78

Multiple Choice

His analysis started with the recognition that the total quantity demanded of an economy's output was the sum of four types of spending: consumer expenditure,planned investment spending,government spending,and net exports.

• A)John Maynard Keynes
• B)Sir John Hicks
• C)Milton Friedman
• D)Paul A. Samuelson

---

Definitions:

Permanent Part

A component or element of something that is not subject to change or removal, established as a lasting or enduring piece of the whole.

Abolitionist Societies

Groups dedicated to ending the practice of slavery and securing freedom for enslaved people.

Telegraph

An early form of long-distance communication technology that transmitted messages using electrical signals over wires, significantly influencing the 19th and early 20th centuries.

Charity Fairs

Public or private gatherings organized to raise funds and awareness for charitable causes, often featuring goods for sale, games, and entertainment.