The Pre-Keynesian or Classical Economic Theory Predicted That in the Long-Run

question 82

Multiple Choice

The pre-Keynesian or classical economic theory predicted that in the long-run the economy would experience:

• A) long periods of high unemployment.
• B) rising rates of inflation.
• C) only temporary periods of high unemployment.
• D) idle factors of production.

---

Definitions:

Psychological Studies

Academic and experimental research focused on understanding human behavior, emotion, and cognition through various methods and approaches.

Animals

Living organisms typically able to move voluntarily, reproduce sexually, consume organic material, breathe oxygen, and grow from a hollow sphere of cells (the blastula) in embryonic development.

Research Subjects

Individuals or entities that participate in a scientific investigation to generate data or insights.

Animals

Multicellular, eukaryotic organisms in the kingdom Animalia that exhibit voluntary motion, responsiveness to environment, and often complex behaviors.