John Maynard Keynes Wrote That Responsibility for Low Income and High

question 54

Multiple Choice

John Maynard Keynes wrote that responsibility for low income and high unemployment in economic downturns should be placed on:

• A) low levels of capital.
• B) an untrained labour force.
• C) inadequate technology.
• D) low aggregate demand.

---

Definitions:

Revocation of Offer

The withdrawal of a proposal by an offeror so that it can no longer be accepted to form a binding contract.

Termination of Offer

The withdrawal of a contractual offer by the offering party before it has been accepted, rendering the offer void.

Active Monthly Users

A metric used to measure the number of unique users who interact with a digital service or platform within a month.

Hyperreality

A condition in which the distinction between the real and the artificial appears to be blurred, often due to technological advancements.