The Keynesian Approach to Government Economic Policy

question 81

Multiple Choice

The Keynesian approach to government economic policy:

• A)has emphasized the role of individual self-interest as a powerful stabilizing force.
• B)has consistently failed to reduce fluctuations in economic activity.
• C)was ineffective during the 1960s.
• D)highlighted the role of aggregate demand.
• E)was rechristened supply-side economics around 1980.

---

Definitions:

Prominent Philosopher

Refers to influential thinkers who have made significant contributions to philosophy, exploring fundamental questions about existence, knowledge, values, reason, mind, and language.

Post-Formal Thought

A stage of cognitive development proposed to follow Piaget's formal operational stage, characterized by an understanding that truth may vary from situation to situation.

Integrative

Relating to, characterized by, or promoting integration, especially in bringing together different areas of study or social groups.

Interrogative

Relating to or conveying a question.