Keynes Believed That Aggregate Demand Would Likely Establish a Full-Employment

question 143

True/False

Keynes believed that aggregate demand would likely establish a full-employment equilibrium without government intervention.

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Definitions:

Volcanic Domes

Rounded, steep-sided mounds formed by the slow eruption of viscous lava from a volcano.

Volcanic Necks

The solidified remains of magma within a volcanic vent, often exposed after the surrounding rock has eroded away.

Viscous Lava

Lava that has a high silica content, making it thick and slow-moving.

Volcanic Vents

Openings in the Earth's crust from which molten rock, gases, and ash are ejected or emitted.