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:

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The manner in which a nation's economy functions, encompassing aspects such as production, distribution, and consumption of goods and services.

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