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:

Immediate Input

Immediate input in automation and computing refers to input data that is processed or utilized instantly without delay.

Output Instructions

Commands within a programming language or PLC code that direct the system to perform specific actions or control external devices based on processed data or logic conditions.

Jumps

A programming instruction that skips the execution of a sequence of code to another point in the program.