The Idea That Governments Should Intervene in the Economic Cycle

question 19

Short Answer

The idea that governments should intervene in the economic cycle when there were times of unemployment and stagnation by "pump priming" was developed by  ____________________.

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Definitions:

Compliance Promotion

Strategies and actions undertaken by regulatory agencies to encourage adherence to laws, regulations, and standards.

Fundamental Principles

Basic concepts or essential beliefs that serve as the foundation for a system, theory, or organization.

Forced Labor

Work that individuals are compelled to do against their will under threat of punishment or some form of penalty.

Discrimination

Unfair treatment of individuals or groups based on characteristics such as race, gender, age, or religion, which can manifest in hiring, promotion, job assignment, and termination practices.