Which of These Is a Central Argument of Keynes's General

question 50

Multiple Choice

Which of these is a central argument of Keynes's General Theory?

• A)Competition does not allocate resources efficiently in a modern industrial economy.
• B)Full employment can be maintained even during a major recession if wage rates are lowered far enough.
• C)Modern industrial economies do not tend automatically toward full employment rates of output.
• D)Money does not play an important role in either causing or curing recession.
• E)Government can best stabilize the economy by letting the market system automatically adjust toward full employment.

---

Definitions:

Axon

A long, slender projection of a neuron that conducts electrical impulses away from the neuron's cell body.

Dendritic Spine

Small protrusions on a neuron's dendrite that typically receive synaptic input from a single synapse of an axon.

Microfilaments

Fine, thread-like protein fibers that are a major component of the cell's cytoskeleton, involved in various cellular functions including shape and movement.

Golgi Bodies

Organelles found in cells responsible for modifying, sorting, and packaging proteins and lipids into vesicles for delivery to targeted destinations.