For Proponents of Neoliberal Economic Policies, Inequality Is Not a Negative

question 62

Multiple Choice

For proponents of neoliberal economic policies, inequality is not a negative aspect but an indicator of

• A) the work ethic of less-well-off people.
• B) an opportunity for competition and entrepreneurial spirit.
• C) Keynesian economics.
• D) "trickle-down" economics.

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Definitions:

Recession Of 2008-2009

A significant decline in economic activity spread across the economy, lasting more than a few months, during the late 2000s, which was severe in many countries.

Government Expenditures

The total amount of money spent by the government in a given period, including spending on goods and services, social programs, and public projects.

Keynesian Analysis

An economic theory that emphasizes the role government policies and spending should play in stabilizing the economy, maintaining low unemployment, and controlling inflation.

Aggregate Demand

The total demand for goods and services within a particular market.