Which of the Following Was a Central Argument of Keynes's

question 65

Multiple Choice

Which of the following was a central argument of Keynes's General Theory?

• A)Competition does not allocate resources efficiently in a modern industrial economy.
• B)Full employment can be maintained even during a major recession if wage rates are lowered far enough.
• C)Modern industrial economies do not tend automatically toward full employment rates of output.
• D)Money does not play an important role in either causing or curing recession.
• E)Government can best stabilize the economy by letting the market system automatically adjust toward full employment.

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Definitions:

Wrapper Classes

Classes in Java that provide a way to use primitive data types (int, char, etc.) as objects.

Integer

A data type used in programming to represent whole numbers without fractional parts.

Float

A data type used in programming to represent real numbers with fractional parts.

Double

A data type in programming that represents a double-precision 64-bit floating point numerical value.