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.

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Definitions:

George Kelly

An American psychologist noted for his contribution to personal construct psychology, emphasizing how individuals interpret events and develop cognitive systems.

Static Traits

Personality characteristics or attributes that are believed to be consistent and unchanging over time.

Individual Interpretations

Personal understandings or explanations of situations, events, or concepts, shaped by one's own experiences and beliefs.

Interaction of Traits

The manner in which different personality or biological traits combine and influence individual behavior or responses.