Keynes Argued That an Economy Could Be in Equilibrium When

question 215

Multiple Choice

Keynes argued that an economy could be in equilibrium when the economy was

• A) operating at maximum potential capacity.
• B) operating with some unutilized productive capacity.
• C) trying to operate at some output level beyond its potential capacity.
• D) operating either at full productive capacity or at less than full capacity.

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Definitions:

Massacre

An event involving the deliberate and violent killing of a large number of people.

Medal of Honor

The highest military decoration awarded by the United States to recognize U.S. military service members who have distinguished themselves by acts of valor.

Labor Movement

A social and political movement aimed at improving rights, conditions, and wages for workers through unions and labor laws.

Wealth

An accumulation of valuable financial assets or physical possessions which can include money, real estate, and personal property.