John Maynard Keynes

question 110

Multiple Choice

John Maynard Keynes

• A)agreed with classical writers that strong automatic pressures drive market economies to full employment.
• B)focused on attaining the long-run macroeconomic goal of high,but stable economic growth.
• C)argued that a market economy might become stuck in a short-run equilibrium in which substantial capital and labor lay idle.
• D)argued that short-run equilibrium occurs only at full employment.

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Definitions:

Missouri Compromise

An agreement passed in 1820 between the pro-slavery and anti-slavery factions in the United States Congress, involving the regulation of slavery in the western territories.

Federal Government

The national government of a federation, such as the United States, which holds the authority to govern a nation as a whole, distinct from state or local governments.

Slaves

People forced into servitude, deprived of personal freedom.

Harriet Tubman

An American abolitionist and political activist who escaped slavery and subsequently made some thirteen missions to rescue approximately seventy enslaved people using the network of antislavery activists and safe houses known as the Underground Railroad.