Keynes Was in Favor of a Federal Budget __________ to Cure

question 137

Multiple Choice

Keynes was in favor of a federal budget __________ to cure __________.

• A)deficit; inflation
• B)surplus; unemployment
• C)deficit; a depression
• D)deficit; a trade deficit
• E)surplus; low aggregate output

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Definitions:

Start-Up Firms

New businesses in the early stages of operation, often associated with innovation and entrepreneurship in various industries.

Profitable

A term used to describe a business or activity that generates more revenue than the expenses incurred in operating.

Economies of Scale

Cost advantages reaped by companies when production becomes efficient, as the cost per unit of output decreases with increasing scale.

Specialization of Labor

The division of labor where individuals focus on a limited scope of tasks or skills, leading to increased efficiency and productivity.