John Maynard Keynes Argued That

question 32

Multiple Choice

John Maynard Keynes argued that

• A)downward nominal-wage rigidity prevented the classical self-correction mechanism from working to end recessions.
• B)the automatic forces of the market would restore the economy to full employment very quickly.
• C)the classical macroeconomists' argument that government spending should be used in recessions would not eliminate a recession.
• D)fluctuations in aggregate supply were the primary causes of recessions.

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Definitions:

Cafeterias

Public dining spaces where food is served, typically in institutional settings like schools or workplaces.

Substantially Influence

To have a significant, powerful, or notable effect on someone or something, often altering outcomes, behaviors, or beliefs.

Group-Centered

Refers to the approach or practice focused on the dynamics and needs of a group as a whole rather than on individual members.

Individualistic

Characterizing cultures or individuals who prioritize independence, self-expression, and personal achievements over communal or collective aims.