Which of the Following Is False

question 129

Multiple Choice

Which of the following is false?

• A)Keynes believed that the economy was basically unstable.
• B)The classical economists believed that full employment was a "rare occurrence."
• C)Keynes argued that the expected rate of profit was the most important factor in determining the level of investment demand in an economy.
• D)The classical economists used the laws of supply and demand to prove the validity of Say's Law.

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Definitions:

Feedback Control System

A system that regulates its own operation by monitoring its output and making necessary adjustments to maintain a desired state or performance.

Work Outputs

The tangible results or products generated from the work process, which can be measured in terms of quantity, quality, or efficiency.

Feedforward Control

A management technique that involves monitoring inputs and providing proactive guidance to ensure desired outputs are achieved.

Work Process

Refers to a set of tasks or activities that are sequentially organized to accomplish a specific business goal or objective.