One Implication of the Keynes Quote, "In the Long Run

question 69

Multiple Choice

One implication of the Keynes quote, "In the long run we are all dead," is that:

• A) the economy is always in its long-run equilibrium.
• B) we know with certainty what the long run is.
• C) the long run is made up of a sequence of short runs.
• D) there is no difference between the long and short runs.
• E) there is no short run.

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Definitions:

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Plural for curriculum, referring to the comprehensive outline of courses and content offered by an educational institution.

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A branch of psychology that focuses on how individuals learn and retain knowledge within educational settings.

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A psychologist who specializes in understanding the changes that people undergo throughout their lifespan, including physical, cognitive, social, intellectual, perceptual, personality, and emotional growth.