Keynes Believed That

question 106

Multiple Choice

Keynes believed that:

• A)monetary policies had the greatest impact on the economy.
• B)long-run effects were most important and activist policies were most likely to be detrimental.
• C)business decisions could be understood if policy makers did not use activist policies.
• D)short-run effects were important and changes in aggregate demand could affect output and price levels.

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Definitions:

Curative Properties

The ability of a substance or treatment to heal or cure diseases or disorders.

Prescription Privileges

The legal authority granted to some healthcare professionals to prescribe medications.

Psychologists

Professionals specialized in the study of the mind and behavior, often working in research, education, or clinical settings.

Psychiatrists

Medical doctors who specialize in diagnosing, treating, and preventing mental, emotional, and behavioral disorders.