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Keynes Once Remarked That, in the Long Run, We're All

Question 3

Multiple Choice

Keynes once remarked that, in the long run, we're all dead. He was responding to the conventional wisdom of classical economics who argued that:


A) the supply curve should remain vertical in the long run.
B) World War I was fought to free Britain from economic ruin.
C) depression was only a short-run, temporary departure from full-employment equilibrium.
D) funeral plots need to be determined by the market.
E) market-based realities cause the estate tax to be too high.

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