Under Keynesian economics, in periods of economic contraction, the government should ______.
a. inject more money into the economy
b. withdraw investments from banks and businesses
c. pay off debts to avoid a budgetary deficit
d. make direct loans and grants to citizens
a. inject more money into the economy
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Associational groups may include all of the following EXCEPT
A. French student groups. B. the British Medical Association. C. the National Rifle Association. D. the Kennedy family.
What is the main purpose of monetary policy?
a. to affect how much money is circulating through the economy b. to control the amount of public debt sold to foreign states c. to equalize income disparity among citizens of the United States d. to expand the government's revenue base so as to reduce the deficit
Conservative governments often pursue "pseudo laissez-faire" economic policies
Indicate whether the statement is true or false
Which of the following would support more government in social affairs and less government in economic affairs?
a. libertarians b. modern conservatives c. modern liberals d. socialists