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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A bill goes through markup in a full committee after a subcommittee votes in favor of it
Indicate whether the statement is true or false.
What percentage of Americans change their residence each year, according to the Census Bureau?
A) 5 percent B) 14 percent C) about 20 percent D) less than 10 percent E) over 51 percent
In a midterm election year, the economy is doing very well. How would you expect the president's party to do?
a. The president's party is likely to lose a number of seats in the House. b. If the president's popularity remains the same, his or her party will likely lose seats in the House. c. The president's party will neither gain nor lose seats in the House. d. If the president's popularity remains the same, his or her party will likely gain seats in the House.
Adopted in 1791, the Bill of Rights sought to protect the individual against abuses of power by the government
Indicate whether this statement is true or false.