What could Keynes have meant by his now famous statement, in the long run we are all dead?
A) Government intervention is destabilizing, will lead to slower growth in the long run, and will prevent an economy from self-regulating.
B) Government intervention in the economy is necessary in times of recession because an economy rarely restores itself to full employment.
C) Government intervention in the economy is useless because it takes too long to take effect.
D) Government intervention in the economy is only effective if it is not erratic.
Question 2
Brand names are an example of
A) economies of scale.
B) product differentiation.
C) oligopoly.
D) illegal barriers to entry.
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