Keynes's Ideas Were

question 267

Multiple Choice

Keynes's ideas were:

• A) quickly adopted in the 1930s to end the Great Depression.
• B) slowly but consistently used in 2008 to end the Great Recession.
• C) used somewhat to help reduce the Great Depression.
• D) ignored in the Great Depression.

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Definitions:

Sociological Research

The systematic study of social behavior, interactions, and structures to understand and explain patterns of human activity.

Empirical Observation

The process of acquiring knowledge directly through the senses or via scientific instruments, which is based on experience and evidence rather than theory.

Scientific Method

A systematic and logical approach to discovering how things in the universe work, through observation, experimentation, and analysis.

Hypothesis Testing

A statistical method used to determine if there is enough evidence in a sample of data to infer that a certain condition is true for the entire population.