The successes of the 1960s were ascribed to the effects of
A. classical policies from the 1800s.
B. classical policies from the 1930s.
C. classical policies from the 1950s.
D. Keynesian policies from the 1930s.
E. Keynesian policies from the 1950s.
Answer: D
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Which of the following statements about labor unions and management during the 1940s is most accurate?
a. The real earnings of workers increased significantly during World War II. b. During World War II there were many strikes. c. There were few strikes during World War II because management frequently locked-out labor before the employees could strike. d. Immediately following the end of the war was a period of significant earnings growth for labor union members.
The banking system operates in such a way that in recessions, when loans (investments) are needed to stimulate economic activity, the system does not generate those loans
Indicate whether the statement is true or false
Which of the following goods are available at highly economical prices because the use of mass production techniques substantially reduces their per unit production costs?
a. automobiles b. DVD players c. microwave ovens d. all of the above
One property of Kenneth Arrow's "perfect" voting system is that the ranking between any two outcomes A and B should not depend on whether some third outcome C is also available. Arrow called this property
a. transitivity. b. pairwise perfection. c. independence of irrelevant alternatives. d. irrelevance of social choices.