Greater Regulation to Correct the Imbalances in the Economy,as Well

question 103

Multiple Choice

Greater regulation to correct the imbalances in the economy,as well government intervention to maintain full employment,was associated primarily with the work of

• A)John Maynard Keynes.
• B)Adam Smith.
• C)Karl Marx.
• D)Ronald Reagan.

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Definitions:

Political Reforms

Actions taken to improve governance, enhance democratic processes, reduce corruption, and ensure the fair representation of citizens in political institutions.

Progressives

Reformers in the late 19th and early 20th centuries who sought to address social problems caused by industrialization and urbanization, advocating for social justice and government involvement.

Moral Purity

A social movement, especially prominent in the 19th and early 20th centuries, aimed at maintaining or restoring the moral integrity of society through abstention and the prohibition of behaviors deemed immoral.

State Intervention

The involvement of a government in regulating or participating in economic, social, or other public sectors, often aimed at achieving policy objectives or correcting market failures.