During the 1970s, demand-management policy:
a. continued to be highly successful in curing the economy's economic problems
b. was found to be highly unsuitable in periods of stagflation such as the decade of the 1970s.
c. was so unsuccessful that economists advised a return to the pre-World War II philosophy of fiscal policy.
d. was unsuccessful because automatic stabilizers no longer influenced the economy.
e. was unsuitable because it affected aggregate supply more than aggregate demand.
b
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A financial crisis may develop into a vicious cycle due to:
a. a recession that worsens banking problems. b. increased net capital inflows due to the crisis. c. exchange rate depreciation that increases output. d. banks becoming more liberal in granting loans.
A preferred provider organization (PPO) is: a. an organization that contracts with physicians, medical facilities, employers, and individuals to provide medical care to a group of individuals. b. a network of doctors who agree to provide services to a health plan's enrollees at discounted fees
c. a not-for-profit hospital network. d. a structure that utilizes traditional insurance plans.