Keynesian Economics Placed Added Emphasis on the Role of

question 13

Multiple Choice

Keynesian economics placed added emphasis on the role of

• A) the World Bank.
• B) private enterprise.
• C) government.
• D) the military.
• E) international trade.

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Definitions:

Preferred Course of Action

A specific strategy or plan that is favored over others for achieving a desired outcome or solving a particular problem.

Alternative Courses of Action

Various paths or strategies that can be taken to achieve a goal or resolve a problem.

Ethics Double-check

A process or step taken to ensure that actions, decisions, or policies adhere to ethical standards and principles.

Bounded Rationality

The concept that when individuals make decisions, their rationality is limited by the information they have, the cognitive limitations of their minds, and the finite amount of time they have to make a decision.