Podcast
Play an AI-generated podcast conversation about this lesson
Questions and Answers
What is the title of the book by John Maynard Keynes published in February 1936?
What is the title of the book by John Maynard Keynes published in February 1936?
- The General Theory of Employment, Interest and Money (correct)
- The Wealth of Nations
- Das Kapital
- The Road to Serfdom
What did The General Theory contribute to economic policy?
What did The General Theory contribute to economic policy?
- Theoretical support for gold standard
- Theoretical support for balanced budget amendment
- Theoretical support for laissez-faire economics
- Theoretical support for government spending and budgetary deficits (correct)
What concept did The General Theory introduce that gave new prominence to the multiplier and the marginal efficiency of capital?
What concept did The General Theory introduce that gave new prominence to the multiplier and the marginal efficiency of capital?
- The quantity theory of money
- The law of diminishing returns
- The Say's Law
- The principle of effective demand (correct)
What did Keynes deny about an economy's automatic adaptation?
What did Keynes deny about an economy's automatic adaptation?
Signup and view all the answers
According to The General Theory, what determines the level of employment?
According to The General Theory, what determines the level of employment?
Signup and view all the answers
Flashcards are hidden until you start studying
