A Passive Approach to Economic Policy Calls for the Government

question 174

Multiple Choice

A passive approach to economic policy calls for the government to do nothing to offset unemployment because of

• A)a lack of any real concern for those who have no jobs
• B)a conviction that unemployment is relatively harmless
• C)a belief that active economic policy is likely to be either ineffective or harmful
• D)a desire to await further economic data before intervening
• E)belief in the law of diminishing returns

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Definitions:

Archetypes

Universal, symbolic images that appear in myths, stories, and dreams; thought to be the basic building blocks of the collective unconscious.

Daily Life

The routine occurrences, activities, and experiences that constitute a person's normal day.

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Abstract concepts or theoretical entities that are used to understand and explain patterns of behavior or cognitive processes.

Physiological Needs

Fundamental human needs for survival, such as food, water, shelter, and air, as described in Maslow's hierarchy.