What Did John Maynard Keynes Correctly Predict in His Book

question 44

Multiple Choice

What did John Maynard Keynes correctly predict in his book The Economic Consequences of the Peace?

• A)The Treaty of Versailles would lead to a new war in less than 20 years.
• B)Germany would be unable to rebuild after the war.
• C)Bolshevism would sweep across Europe.
• D)Democracy in Europe was doomed.
• E)Europe would enjoy generations of peace after the war.

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Definitions:

Framing Effect

A cognitive bias where people react differently based on how choices are presented to them, often affecting decision-making.

Availability Heuristic

A mental shortcut that relies on immediate examples that come to a person's mind, influencing their perception of a topic's prevalence or importance.

Framing

The process of shaping the perception or presentation of information in a way that influences judgment and decision-making.

Algorithms

Step-by-step procedures or formulas for solving problems or completing tasks, often used in computer programming and mathematics.