Keynes believed that a. Say's law would hold in a laissez-faire economy. b. the economy would always be near or on its production possibilities frontier. 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. d. the equilibrium level of output will always be at the full-employment level of output.

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.

soothing tone) but quickly, the tone changes from a light tone to a grim one. by introducing disturbing word choices that are illogical.make a list of some of levertov’s images of war from both of her poems. how do her wordsaffect you? do you agree with her position on war? write a short response (at least 100 words) and support your answer with personal experience or your studiespoets can change the tone in a poem, and levertov does when the she refers to "delicate man . .whose eyes/are flowers that perceive the stars”. the word choices here are different. theimages began to show feelings of hope/potential. but this mood is interrupted with the dark oppressive words "entrails of still-alive babies" and "carcass-gulleys". levertov continues to switch tones by "the deep intelligence living at peace would have"—one is left with a sense of hope. i can connect with her words that humans can do better things than fight in war. we only have one life so dying in a war would be for no reason. also, i am a christian and in the bible, it says "thou shall not kill", and i strongly believe in that.people respond differently to satire—some like it, others don't get it. in at least 150 words, describe what you think of goines's narrative essay. discuss whether you think his position is convincing.the satire kept people's attention, rather than just rambling. instead of being dead serious, he adds humor to enlighten it. i think he did a good job of proving his point, but convincing people to stray from their own beliefs is hard, and satire can be offensive to that person. overall i think that goines's narrative essay was good because narrative essay create deeper understanding. i also like that the narrative essay is in first-person. the essay was filled with diction and word choice to let you know that the essay is going to be witty yet satirical. his point was to write  

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