Keynes Believed

question 192

Multiple Choice

Keynes believed

• A)once a recession began,it would always turn into a depression.
• B)full employment GDP was a rare occurrence.
• C)the expected profit rate and the interest rate were equally important in determining the level of investment in an economy.
• D)inflation was a persistent tendency of the economies of his day.

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Definitions:

Selection Procedures

The processes and methods used by an organization to identify, evaluate, and choose the most suitable candidates for a position.

Selection Ratio

A measure used in hiring processes to indicate the number of hired individuals out of all applicants.

Credit Checks

An assessment conducted by employers, especially for positions that handle financial responsibilities, to evaluate an applicant's credit history as a measure of reliability and financial stability.

Reference Check

The process of contacting a job applicant's previous employers, colleagues, or other references to verify the accuracy of the information provided by the applicant and to gain insights into their performance and behavior.