Which of the following suggested that the money supply--the quantity of money in circulation-is the key to government regulation of the economy?
A) Milton Friedman
B) Ralph Nader
C) John Kenneth Galbraith
D) John Maynard Keynes
E) Thomas Jones
A
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Jack N. Rakove contends that several of the founders viewed state constitutions as defective because they
a. did not constitute a fundamental law that would be unalterable by the legislature. b. centralized too much power in the executive branch. c. centralized too much power in the judicial branch. d. did not provide for a bicameral legislature.
Laissez-faire economics holds which of the following to be true?
a. The government should raise interest rates during a recession. b. The government should not intervene in the economy. c. The government should actively work to reduce unemployment. d. The government should lower interest rates during a recession.
Marketization signals a shift away from
A. liberal economic policies. B. free market regulation. C. government-controlled economies. D. competition-driven economies.
At the heart of the concept of a federal system is __________
a. the nearly absolute lack of government regulation of the economy b. the power of central government to dissolve political subunits at any time c. the existence of component states with some powers that cannot be easily overridden by the central government d. a fusion of the legislative and executive branch functions of government