Keynes Used the Term "Animal Spirits" to Refer to

question 14

Multiple Choice

Keynes used the term "animal spirits" to refer to

• A)policy makers harming the economy in the pursuit of self interest.
• B)arbitrary changes in attitudes of household and firms.
• C)mean-spirited economists who believed in the classical dichotomy.
• D)firms' relentless efforts to maximize profits.

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Definitions:

Benefits And Risks

The potential advantages and challenges associated with a project, which are considered during the planning process.

Request For Proposal

A document issued by a company asking for detailed proposals from potential suppliers or service providers.

Request For Quote

A formal process in which vendors are asked to provide pricing and availability details for a specific product or service.

List Of Commodities

An itemized catalogue of goods, often used in the context of trading or economic analysis.