In Explaining Why the Level of Investment Spending Fell to Such

question 79

Multiple Choice

In explaining why the level of investment spending fell to such a low level during the Great Depression,Keynes argued that

• A)consumers were not saving enough of their income,so there was little credit available to businesses.
• B)the interest rate was too high.
• C)the interest rate was too low.
• D)businesses held bleak expectations concerning future business activity and were unwilling to borrow even at low interest rates.

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Definitions:

Participation

The active involvement of individuals or groups in making decisions or taking actions within an organization, community, or process, often aimed at encouraging ownership and commitment.

Empowerment

Empowerment is the process of granting individuals or groups more autonomy and control over their work or life circumstances, encouraging decision-making, and fostering a sense of ownership.

Spontaneous Creativity

Spontaneous creativity refers to the ability to generate innovative ideas or solutions without premeditation, often resulting from a sudden inspiration.

Ingenuity

The quality of being clever, original, and inventive in problem-solving or creating solutions.