John Maynard Keynes Wrote That Responsibility for Low Income and High

question 102

Multiple Choice

John Maynard Keynes wrote that responsibility for low income and high unemployment in economic downturns should be placed on:

• A) low levels of capital.
• B) an untrained labor force.
• C) inadequate technology.
• D) low aggregate demand.

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Definitions:

Entrepreneurial Firm

A business that is typically characterized by innovative practices and a proactive approach to seeking new opportunities.

Breakthrough Stage

A phase in the development or growth of something characterized by significant progress or discovery.

First-Mover Advantage

The benefits that come from being first to exploit a niche or enter a market.

Non-Core Business

Activities or operations of a company that are not central to its primary mission or revenue-generating processes.