Outline the key features of Keynesian economic theory.
What will be an ideal response?
During the Great Depression, economist John Maynard Keynes developed a new theory of government fiscal policy based on deficit spending. Keynesian economics recommends that during a recession and other economic downturns, the government should increase its spending to create jobs, and decrease taxes to encourage more consumer spending. It advocates using fiscal policy, the combination of tax policy and spending policy, to ensure a healthy economy.
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Mass parties rely exclusively on their leaders' personal prominence and wealth
Indicate whether this statement is true or false.
Studies of fertility among the hunting and gathering populations, the French Canadian settlers, and the Irish indicate that __________
a. societies were able to adjust birth rates to adapt to the social and economic environment in which they existed b. these populations had lower life expectancies, because lack of birth-spacing led to poverty and famine c. when population density was low, more land could be devoted to agriculture, and enough food could be grown to eliminate famine d. societies were not able to make adjustments to birth rates or mortality rates