Which of the Following Statements Is FALSE? Keynesian Economics

question 12

Multiple Choice

Which of the following statements is FALSE? Keynesian economics:

• A)emphasizes the effects of shifts in aggregate demand on aggregate output.
• B)focuses the attention of economists on situations in which the short-run aggregate supply curve slopes upward.
• C)holds "animal spirits" mainly responsible for business cycles.
• D)holds that changes in business confidence have no effect on either the aggregate price level or aggregate output.

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Definitions:

Fraud in Securities Transactions

Illegal activities involving deceit or concealment in the buying, selling, or trading of securities, aimed at gaining a financial advantage.

SEC Regulations

Rules and standards developed and enforced by the U.S. Securities and Exchange Commission to regulate the securities industry.

Security

A financial instrument representing an ownership position, a debt relationship, or rights to ownership as represented by an option.

Investment

Allocating resources, usually money, with the expectation of generating an income or profit.