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This quiz consists of 5 multiple choice and 5 short answer questions through The Heresies of John Maynard Keynes.

Multiple Choice Questions

1. Adam Smith defined wealth in terms of what?
(a) Gold.
(b) Goods.
(c) Produce.
(d) Land.

2. Where did Keynes attend college?
(a) Cambridge.
(b) Eton.
(c) Yale.
(d) Oxford.

3. What describes how investment can lead to greater output?
(a) Law of Accumulation.
(b) Law of Assimilation.
(c) Law of Population.
(d) Law of Economics.

4. What did President Hoover think would be banished from the nation in the late 1920's?
(a) Prosperity.
(b) Poverty.
(c) Investments.
(d) Discrimination.

5. According to Engels and Marx, what does "dialectical" mean?
(a) Discussion.
(b) Diverse.
(c) Chance.
(d) Change.

Short Answer Questions

1. Adam Smith was a lecturer in what area?

2. Keynes felt the business cycles had to be countered by __________. (fill in the blank)

3. Adam Smith was considered a non-conformist because he refused to do what before classes?

4. Where was The Communist Manifesto written?

5. When investment is less than ___________ , there is depression. (fill in the blank)

(see the answer key)

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