1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
amm1812
3 years ago
7

Keynes rejected the view that lower wages would direct a recessionary economy back to full employment because

Business
1 answer:
Lorico [155]3 years ago
3 0

Answer: the options are added below:

A. market forces would quickly direct an economy back to full employment.

B. lower wages would cause the central bank to reduce the money supply and thereby prolong the recession.

C. lower wages would stimulate inflation and thereby prolong the recession.

D. powerful trade unions and large corporations made wages highly inflexible.

The correct option is D.

Explanation: A Trade Union is also known as a labour union and it is an association of workers in a particular trade, industry, or company that is created for the aim of negotiating improvements in wages and salaries, benefits, better working conditions, or social and political status through collective bargaining.

The view of Keynes is that the trade unions that have become powerful have, in conjunction with large corporations, made wages highly inflexible.

What this means is that they always make sure that there will be no supply of labor if the wages are low, therefore Keynes is of the view that lowering wages will not direct a recessionary economy back to full employment, rather, increasing the wages will ensure that the trade unions and large corporations supply labor and therefore increase employment.

You might be interested in
Brian is thinking of taking a job as a waiter. What is an associated monetary cost that he should consider?
RUDIKE [14]
C.uniforms is the answer
3 0
3 years ago
why was slavery more successful than other labor systems in meeting the labor needs of the colonial america market economy
kogti [31]

Answer:

Cheap & effective

Explanation:

this source of labor was easily abusable and by having people you don't need to pay and spend barely anything on feeding them it makes it easier to build the USA. I don't agree with the USA being founded on this but other countries were doing this so the USA did it also.

8 0
3 years ago
Employers prefer to review a___ resume when the history is the most important consideration. A) targeted b) combination c) chron
jeyben [28]
The answer is C: chronological (because it pertains to an order and can involve history. 
3 0
3 years ago
What kind of PPE should be worn operating a pit​
earnstyle [38]

Answer:

A mask, gloves, gown, face shield.

Explanation:

Try covering up as much as possible, but these are the four most essential protective coverings you should wear while operating a pit. Hope this helps!

5 0
3 years ago
The amount you owe in state income tax is based on:
Vadim26 [7]
The best and most correct answer among the choices provided by the question is the first choice. <span>The amount you owe in state income tax is based on: how much you spend each year. </span>I hope my answer has come to your help. God bless and have a nice day ahead!
4 0
3 years ago
Other questions:
  • The growth of the internet caused many traditional companies to ________ in response to customer demands and a changing marketpl
    13·1 answer
  • todd, a sales representative, is facing the challenge stressor of trying to close a sale on a major account. during the meeting
    6·1 answer
  • Gasoline prices increase by 50 percent and other things remain the same. as a result, there is no change in the quantity of gaso
    12·2 answers
  • ​It's widely believed that​ self-driving vehicles will become commonplace in the fairly near future and that their growth will b
    10·1 answer
  • On June 1 st a hotelâ s balance sheet shows assets of $6,400,000 and ownersâ equity of $2,000,000 what is the amount of the hote
    7·1 answer
  • Pick a side and argue for or against raising the minimum wage. Use your knowledge of price floors and find an article to back up
    10·1 answer
  • A Roth IRA and a Tax Deferred investment plan are just two of many ways you can invest into for your retirement. If you wanted t
    14·2 answers
  • What is a family brand?
    8·2 answers
  • Lindsay took out a(n) to purchase her new home. she used in the form of the property to back the loan. lindsay also paid money i
    10·1 answer
  • If there is a recession, graduates will find it more difficult to find a job because?
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!