Monetarism Is a Keynesian Economic Theory That Advocates That the Government's

question 55

Multiple Choice

Monetarism is a Keynesian economic theory that advocates that the government's proper role in promoting a healthy economy is using its power to regulate the

• A) money supply to ensure that the rate of inflation remains high.
• B) tax base so that inflation remains steady.
• C) corporate earnings to ensure that goods are available.
• D) money supply to ensure that the rate of inflation remains low.

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Definitions:

Audience Effects

Impact of the presence of others on individual task performance.

Competition

Competition is a situation where individuals or groups vie for the same objective, such as a resource or recognition, which may not be sufficient to be shared.

Supervisor

An individual in charge of overseeing and directing the work of others, typically in a work or academic setting.

Social Facilitation

The tendency for people to perform differently when in the presence of others than when alone, typically performing better on simple or well-rehearsed tasks and worse on complex or new ones.