Which of the Following Statements Is True

question 11

Multiple Choice

Which of the following statements is true?

• A) Keynes believed wages are inflexible downward but prices (of goods and services)are flexible.
• B) Keynes believed an economy could get stuck in a recessionary gap.
• C) Keynes originated the idea of efficiency wages.
• D) Keynes believed the economy is self-regulating.
• E) b and c

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Definitions:

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A business arrangement where two or more parties agree to pool their resources for a specific task or project with shared profits and risks.

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Being situated far apart in terms of physical distance or location.

Effective Agenda

A well-organized list of topics, questions, or tasks to be discussed or accomplished in a meeting or event, aimed at facilitating productivity and efficiency.