John Maynard Keynes Argued That If Many Households Decide at the Same

question 109

Multiple Choice

John Maynard Keynes argued that if many households decide at the same time to increase saving and reduce spending

• A)this may benefit the economy in the short run,but not in the long run.
• B)the economy will benefit in the short run and benefit by an even greater amount in the long run.
• C)this will have a major negative impact on the economy in both the short run and in the long run.
• D)this may benefit the economy in the long run,but could be counterproductive in the short run.

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Nuisance

An act, condition, or thing that is annoying, harmful, or inconvenient to a community or individual.

Trespass

An unlawful intrusion or invasion of a person's property or rights, which can involve land, personal property, or personal rights.

FIFRA

The Federal Insecticide, Fungicide, and Rodenticide Act, U.S. legislation that regulates the distribution, sale, and use of pesticides to protect human health and the environment.

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