In the 1960s, Government Policy Makers Believed That They Could

question 199

Multiple Choice

In the 1960s, government policy makers believed that they could _____

• A) stabilize the economy by letting the market system solve all problems.
• B) reduce unemployment by running federal budget surpluses.
• C) eliminate the government's role in stabilization policy.
• D) use changes in the money supply to virtually eliminate business cycles.
• E) use taxation and government spending to fine-tune the economy.

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Definitions:

Presentations

The act of showing and explaining the content of a topic to an audience or learner.

Sound Of A Bell

An auditory signal typically resulting from the physical ringing of a bell, which can produce a clear, resonant tone.

Conditioned Response

A learned response to a previously neutral stimulus that has been repeatedly presented alongside an unconditioned stimulus that elicits a natural response.

Extinction

In behavioral psychology, the diminishing of a conditioned response when the reinforcement or association is removed.