Keynesian Theory and Policies Were Developed to Show Why

question 16

Multiple Choice

Keynesian theory and policies were developed to show why

• A)prolonged periods of unemployment were impossible
• B)prolonged periods of inflation were impossible
• C)unemployment could persist for long periods
• D)the interest rate ensures that saving equals investment
• E)flexible prices and wages ensure that a modern economy will enjoy prolonged periods of low unemployment and low inflation

---

Definitions:

Religion

A set of beliefs concerning the cause, nature, and purpose of the universe, often involving ritual observances and a moral code.

Ethnicity

A social group that shares a common and distinctive culture, religion, language, or the like.

Bias

A tendency to prefer one person, group, thing, or idea over others in a way that is considered to be unfair.

Workplace Stereotypes

are oversimplified and widely held beliefs about specific types of individuals or certain jobs within the workplace.