Based on the Belief That Prices Are Sticky and Inflexible,Keynesian

question 110

Multiple Choice

Based on the belief that prices are sticky and inflexible,Keynesian economists conclude that

• A) the economy is self-correcting and tends toward full employment.
• B) savings is a crucial component of economic growth.
• C) the long run deserves more focus than the short run.
• D) the economy is not self-correcting and can become stuck below full employment.
• E) government intervention is never necessary to promote full employment.

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Definitions:

Service Delivery Process

A set of activities and tasks that a company undertakes to provide a service to its customers efficiently and effectively.

Service Encounter

The interaction between a customer and a service provider during which a service is provided.

Service Quality

The assessment of how well a delivered service matches customers' expectations.

Tangibility

The attribute of being able to be touched, seen, tasted, felt, or smelled, often used in differentiating goods from services.