Which of the Following Is True About Keynes

question 86

Multiple Choice

Which of the following is true about Keynes?

• A) He focused primarily on reducing inflation by shifting aggregate supply
• B) He was a classical economist and prescribed a policy of laissez faire
• C) He believed aggregate demand could be inadequate to ensure full employment
• D) He was opposed to government intervention in the economy

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Definitions:

Markup

The amount added to the cost of a product in setting the final price. It can be based on selling price or on cost.

Specified Percentage

A particular proportion or share expressed as a fraction of 100, often relating to financial or operational metrics.

Net Income

The total profit of a business after all expenses and taxes have been subtracted from total revenue.

Consumer Credit

A financial arrangement that allows individuals to purchase goods or services now and pay for them in the future.