For Some,a Perhaps Unexpected Consequence of the Cultural Revolution of the 1950s

question 54

Multiple Choice

For some,a perhaps unexpected consequence of the cultural revolution of the 1950s and 1960s was the:

• A) electrification of music.
• B) increase in attendance at jazz concerts that far surpassed ticket sales for rock 'n' roll concerts.
• C) downturn in sales of records of all genres.
• D) surprising resurgence of popularity for folk music.
• E) wave of popularity for country music that swept the United States.

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Definitions:

Keynesians

Followers and theorists of Keynesian economics, which emphasizes the need for government intervention in economies to manage output and demand through fiscal and monetary policies.

Classical School

A school of economic thought that emphasizes the importance of free markets, competition, and the self-regulating nature of economies.

Monetarists

Economists convinced that fluctuations in the money supply play a crucial role in influencing short-term national output and affect price levels over the long term.

Balancing the Budget

The process of adjusting income and expenditure so that they equal each other, resulting in no deficit or surplus.