One Implication of the Keynes Quote, "In the Long Run

question 64

Multiple Choice

One implication of the Keynes quote, "In the long run we are all dead," is:

• A) the economy is always in its long-run equilibrium
• B) we know with certainty what the long run is
• C) the long run is made up of a sequence of short runs
• D) there is no difference between the long and short runs
• E) there is no short run

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Definitions:

Brain

The organ located in the head of humans and other vertebrates that is the central hub for nervous system activity.

Meninges

The three layers of protective tissue called the dura mater, arachnoid mater, and pia mater that surround the brain and spinal cord.

Cerebrospinal Fluid

A clear, colorless body fluid found within the brain and spinal cord, serving as a cushion and delivering nutrients.

Electroencephalograph

A device used to record the electrical activity of the brain, commonly known as EEG.