The Keynesian Approach to Economic Policy Is Also Known As

question 57

Multiple Choice

The Keynesian approach to economic policy is also known as:

• A)supply-side economics.
• B)Classical economics.
• C)demand-side economics.
• D)mercantilism.
• E)laissez-faire.

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Definitions:

Superstructure

A concept in Marxist theory referring to the cultural, ideological, and institutional structures built upon the economic base of society.

Infrastructure

The fundamental facilities and systems serving a country, city, or area, including transportation and communication systems, power plants, and schools.

Male Dominance

A societal structure where males possess the majority of power, dominating in positions of governmental leadership, ethical oversight, societal advantage, and ownership of assets.

Descent

A term used to describe the process of deriving ancestry or lineage, usually traced through parental lines which can be matrilineal, patrilineal, or bilateral.