The Mainstream View of the Economy Since 1946 Is That

question 120

True/False

The mainstream view of the economy since 1946 is that it has become more stable because of the
use of discretionary fiscal and monetary policies.

---

Definitions:

Utility Function

A mathematical model representing an individual's preference ordering over a set of goods or outcomes.

Consumption

Consumption refers to the use of goods and services by households. It is an important component of GDP and economic analysis.

Interest Rate

The percentage of a sum of money charged for its use, typically expressed as an annual rate.

Income

Profits received, at routine intervals, from efforts in employment or investment projects.