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Politics And Government
Political Science
Economic Policy: Influential Theories example #47754
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Economic Policy: Influential Theories
Xidorn Hernandez
25 July 2022
4.7
(114 reviews)
14 test answers
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question
The General Theory of Employment, Interest and Money was written by....
answer
....John Maynard Keynes.
question
Monetarism plays a role in economic growth by....
answer
....influencing the supply of money.
question
An economic thinker who influenced early economists was....
answer
....Adam Smith.
question
Which best describes the idea behind the "invisible hand"?
answer
Producers and consumers work together, which guides the economy.
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John Maynard Keynes believed that governments should increase spending in order to....
answer
....increase demand.
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Milton Friedman argued that consumers are more likely to alter their behavior based on....
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....long-term changes in the economy.
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According to Milton Friedman, ___________ policy is the best way to influence the economy's aggregate demand.
answer
fiscal
question
Classical economics played an important role in helping the United States establish ___________.
answer
free enterprise
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Which best describes how individuals help the economy grow?
answer
They work to influence the economy.
question
Which occurred during the Great Depression?
answer
-falling wages -plummeting growth -surging unemployment
question
classical economics
answer
a group of early economic theories that focus on the establishment of economic freedoms
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coordinate
answer
to work to together to meet a goal
question
laissez faire
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the belief that governments should not be involved in economic affairs
question
monetarism
answer
an economic theory that promotes stability through influencing the money supply
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