The answer is self-knowledge, self-knowledge is used to describe the composite of all the basic facts, qualities, traits and feelings one holds about oneself.
The answer to this statement is true because the equal dignity
rule focuses more on a legal doctrine in which has a requirement of an agent to
be required of performing acts in which are being authorized by their
principal. In which the ordinary business man does not apply to this rule.
Neolithic revolution is the big turning point in human history. The change from hunting to gathering to agriculture led to permanent settlements, the establishment of social classes, and the growth of civilizations.
Answer:
C. wages and prices are often inflexible in the downward direction; wages and prices do not fall in the labor and product markets because unions dislike wage cuts and companies are a monopoly market
Explanation:
Say's Law is classical economists point of view, stating that supply creates its own equilibrium. Keynes theory was strictly against this Says Law. Keynes also stated that equilibrium & output is not always at full employment level, it might be below it. Implicatively, the economy would be on or inside it's full production potential PPC.
Keynes stated that wages & prices are sticky. They don't adjust to fluctuating economic activity too quickly. The wage & price stickiness, rigidity is more in downwards direction, they don't fall immediately in response to recession. The reason behind the variables stickiness is that, businesses don't know whether economic slowdown is temporary or permanent. Wages are sticky because of labour unions, employment contracts & prices are sticky because of menu costs, for fulfilling high wages expenditure.
