The Keynesian approach to government economic policy:
a. has emphasized the role of individual self-interest as a powerful stabilizing force.
b. has consistently failed to reduce fluctuations in economic activity
c. was ineffective during the 1960s.
d. highlighted the role of aggregate demand.
e. was rechristened supply-side economics around 1980.
d
Economics
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The analysis of economic outcomes before and after some economic variable is changed is referred to as:
A) cardinal research. B) comparative statics. C) Pareto analysis. D) marginal study.
Economics
If there is an advancement in the technology used to produce a product, what is the likely effect it may have on the supply?
A. The company would not change its manufacturing. B. More people would be needed to produce the product. C. It would decrease the supply. D. It would increase the supply.
Economics