Which of the Following Economic Perspectives Focuses on the Need

question 53

Multiple Choice

Which of the following economic perspectives focuses on the need for government to shift aggregate supply to correct problems of unemployment and inflation?

• A)Supply-side.
• B)Keynesian.
• C)Classical.
• D)Monetary.

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Definitions:

Energy Resource

A natural or artificial source of power that can be converted into useful energy, such as fossil fuels, solar, or wind power.

Oil And Gas

Natural hydrocarbon resources extracted from the Earth, used as fuels and in the production of chemical compounds.

Coal

A combustible black or brownish-black sedimentary rock formed from ancient plant material, used as fuel.

Oil Shale

Oil shale is a type of sedimentary rock that contains kerogen, a solid mix of organic chemical compounds from which liquid hydrocarbons can be produced, like shale oil.