Keynes Said That Even Should Monetary Impotence Not Occur,full Self-Correction

question 141

Multiple Choice

Keynes said that even should monetary impotence not occur,full self-correction could be short-circuited by

• A)the price level failing to fall sufficiently due to downwardly-rigid wages.
• B)the price level failing to fall sufficiently due to continuously falling wages.
• C)the price level falling too much due to downwardly-rigid wages.
• D)the price level falling too much due to continuously falling wages.

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Definitions:

Confidence Estimate

A numerical range or boundary calculated to predict where a certain population parameter is likely to fall with a specified level of certainty.

Body Mass Index (BMI)

A numerical computation that compares a person's weight and height to assess body fatness, used to indicate if a person is underweight, overweight, or within a healthy weight range.

Obese Canadians

Canadians who have a body mass index (BMI) of 30 or higher, categorizing them as obese according to health standards.

Confidence Interval

A volley of values, derived from analysis of statistical samples, that is expected to hold the value of a not-yet-identified population parameter.