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
RideAnS [48]
3 years ago
13

Keynes argued that a. monopolistic elements in the economy will prevent an immediate sharp fall in prices as a result of decreas

ing demand. b. supply creates its own demand. c. prices are flexible in a downward direction. d. wages are flexible in a downward direction.
Business
1 answer:
Scorpion4ik [409]3 years ago
6 0

Answer:

a. monopolistic elements in the economy will prevent an immediate sharp fall in prices as a result of decreasing demand

Explanation:

When there is recession the price of the factor goes down and with that, the insufficient demand for a certain good or services is eliminated. The reasoning is that the decrease in prices stimulates demand and adjust the market.

Keynes among other economist consider that unemployment increase during recessions because the nominal wages rate do not fall. As the union and worker do not want to see their wage decrease. Same is applied to prices which makes then inflexible in a downward direction.

While "supply creates its own demand" is "Says's Law" which is rejected in keynes main book "The general theory"

Hece option A is the only one which is true

You might be interested in
A brand developed by a retailer and/or wholesaler that is available only in selected retail outlets is called a ________ brand.
abruzzese [7]
<span>A brand developed by a retailer and/or wholesaler that is available only in selected retail outlets is called a private-label brand. Private label branding is manufacturing of goods/ services by one company but it is known by the name of another one. The benefits of such an economical strategy are : the competition is reduced, whereas margins are increased as well as customers' loyalty.<span>
</span></span>
5 0
3 years ago
Read 2 more answers
FabFitFun Coupon Code FabFitFun Coupon Code is the best way to avail discounts on FabFitFun store shopping, there are lots of it
dezoksy [38]

Answer: Please don’t advertise here

5 0
3 years ago
Read 2 more answers
Personal selling requires the __________ flow of communication between a buyer and a seller, often in a face-to-face encounter,
emmainna [20.7K]
<span>Personal selling requires the two-way flow of communication between a buyer and a seller, often in a face-to-face encounter, designed to influence a person's or a group's purchase decision. When meeting with people in person, it allows for conversation to flow back and forth smoothy and communication is much better. Having face-to-face meetings allows the buyer and seller to connect on a different level then if it were email, phone or another type of communication.</span>
5 0
3 years ago
Suppose a country spiraled into economic recession. What would John Maynard Keynes recommend to fight the recession?
zubka84 [21]

John Maynard Keynes will recommend an increase in government expenditures and lower taxes to stimulate demand to pull the economy out of the recession..

John Maynard Keynes is an economist who was popularly known for creating the Keynesian theory of economics

The Keynesian theory of economics is one who who advocate for saving less and spending more, thereby, raising their marginal propensity to consume and economic growth.

Now, supposing that a country spiraled into economic recession, John Maynard Keynes will recommend an increase in government expenditures and lower taxes to stimulate demand and pull the economy out of the recession..

Learn more about this here

<em>brainly.com/question/6815540</em>

3 0
2 years ago
As a marketing manager what efforts you can put in place that can shape your companies brand to meet dramatic developments occur
elena-14-01-66 [18.8K]

Answer:

Marketing is a broad subject with various techniques and tools. Thus, there can be a lot of methods through which a marketing manager can stabilize the operations of company to some extent. The main methods are as follows :

1. Use of social media :

Almost every second individual in our society is actively engaged in social media. Therefore, it is an efficient as well as relatively less expensive method of targeting the audience.

2. Knowing the audience :

One best way to hedge the market uncertainties is to completely understand the behavior of your customers. Thus, one can conduct research on different levels to understand customer preference.

7 0
3 years ago
Other questions:
  • Bank capital has both benefits and costs for the bank owners. Higher bank capital ________ the likelihood of bankruptcy, but hig
    11·1 answer
  • How would a payment for rent paid in advance be classified? Multiple Choice Claims exchange transaction Asset use transaction As
    11·1 answer
  • In a 100-percent reserve banking system, if people decided to decrease the amount of currency they held by increasing the amount
    13·1 answer
  • Remote Company has developed a new universal remote that works with all cable, over the air and streaming channels. While the de
    11·1 answer
  • Merchandise with a sales price of $9,300 is sold on account with terms 2/10, n/30. The journal entry to record the sale would in
    7·2 answers
  • List 2 benefits of financial planning
    14·1 answer
  • What must a dental assistant have in order to take dental X-rays
    7·2 answers
  • Expliquen la siguiente frase:
    8·1 answer
  • In which journal would a customer's partial payment on account be recorded?
    10·2 answers
  • Which is not the application of ahp?
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!