John Maynard Keynes Advocated Policies That Would Increase Aggregate Demand

question 102

True/False

John Maynard Keynes advocated policies that would increase aggregate demand as a way to decrease unemployment caused by recessions.

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Definitions:

Semantics

The branch of linguistics and logic concerned with meaning, including the ways meaning is constructed in languages and interpreted by speakers and listeners.

Traditional Authority

The norm in tribal and feudal societies, involves rulers inheriting authority through family or clan ties. The right of a family or clan to monopolize leadership is widely believed to derive from the will of a god.

Tribal Societies

Societies organized primarily on kinship and lineage with social, economic, and political structures governed by traditions and customs.

Feudal Societies

Societies characterized by a hierarchical system of governance based on land ownership and service, prevalent in medieval Europe.