Two Economists,Smith and Jones,are Discussing the Currently High Unemployment Rate

question 188

Multiple Choice

Two economists,Smith and Jones,are discussing the currently high unemployment rate.Smith says that something ought to be done quickly because the economy may not be able to restore itself to full employment.Jones says that it is better to take a "hands-off" approach.Which of the following is most likely to be true?

• A) Smith and Jones are most likely both Keynesian economists with a few minor differences of opinion.
• B) Smith and Jones are most likely both classical economists with a few minor differences of opinion.
• C) Jones is likely to be a Keynesian economist and Smith is likely to be a classical economist.
• D) Smith is likely to be a Keynesian economist and Jones is likely to be a classical economist.
• E) none of the above.

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Definitions:

Afferent Fibers

Afferent Fibers are nerve fibers that carry sensory information from the sensory receptors in the periphery of the body towards the central nervous system.

Hypothalamus

Found beneath the thalamus, it is a central area in the brain that governs both the autonomic nervous system and pituitary gland activities, thereby regulating critical homeostatic mechanisms such as body temperature, thirst, hunger, and other systems vital for bodily homeostasis.

Limbic System

A complex system of nerves and networks in the brain, involved with instinct and mood. It controls the basic emotions (fear, pleasure, anger) and drives (hunger, sex, dominance, care of offspring).

Visceral Organs

Internal organs of the body, especially those within the chest (such as the heart or lungs) or abdomen (such as the liver, pancreas, and intestines).