The Recession in Real GDP in 1970 During the Nixon

question 23

Multiple Choice

The recession in real GDP in 1970 during the Nixon administration

• A) did not accord with the Keynesian theory because the price level had risen sharply; in the Keynesian model, prices fell when real GDP and employment were falling.
• B) reinforced the Keynesian theory that prices fell when real GDP and employment were falling.
• C) did not accord with the Keynesian theory because expansionary fiscal policies resulted in deflation; in the Keynesian model, prices rose when expansionary fiscal policies were administered to eliminate a recessionary gap.
• D) reinforced the Keynesian theory that fiscal policies were more effective than monetary policies in reducing output gaps.

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Definitions:

Intake

The initial process of gathering and assessing information from a new client or patient to determine their needs and how best to address them.

Social Work Records

are documents maintained by social workers that detail the work and interactions with clients, including assessments, plans, and progress notes.

Macro Practice

This term refers to interventions conducted on a large scale, affecting entire communities or groups rather than individuals.

Problem-oriented Records

A method of organizing healthcare records based on the identification and documentation of a patient's problems, facilitating targeted diagnostic and treatment plans.