Which Is True of John Maynard Keynes

question 46

Multiple Choice

Which is true of John Maynard Keynes?

• A)He believed that serious economic contractions were natural phases in an otherwise healthy system.
• B)He provided a model that closely resembled that of Adam Smith.
• C)He advocated a decrease in the money supply to stabilize the economy.
• D)He argued that increased government demand should offset reduced private sector demand to prevent depression.
• E)He advocated tax increases to balance the federal government's budget during the Great Depression.

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Definitions:

Cross-Functional Teams

Teams comprised of members from different departments or areas of expertise working together towards a common goal, facilitating innovation and problem-solving.

High Degree

A level of education or qualification that is considered advanced, usually a bachelor's degree or above.

Group Decision Making

It refers to the process by which a group of individuals come together to analyze problems, consider solutions, and agree upon a course of action.

Increased Member Commitment

A state where members of a group or organization show a higher level of dedication and loyalty towards achieving collective goals.