_____ Are the Result of Thinking About What You Want

question 13

Multiple Choice

_____ are the result of thinking about what you want to achieve and how you will pay for it.

• A) Financial goals
• B) Budgets
• C) IRAs
• D) Personal goals

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Definitions:

Laissez-Faire Economics

A market system with minimal government intervention, where private parties are free to conduct business as they see fit.

Keynes

Refers to John Maynard Keynes, a British economist whose theories on the impact of government policies on economic recessions and depressions have significantly influenced modern macroeconomics.

The Classicals

A group of economists in the late 18th and early 19th centuries who believed in free markets, free trade, and limited government intervention in the economy.

Full Employment

A situation in an economy where all available labor resources are being used in the most economically efficient way.