Confidence in Keynesian Economics

question 151

Multiple Choice

Confidence in Keynesian economics:

• A)diminished in the 1960s as the unemployment rate fell.
• B)flourished in the 1960s despite two major recessions.
• C)diminished in the 1960s as unemployment increased.
• D)diminished in the 1970s as inflation occurred simultaneously with two recessions.
• E)flourished through the 1980s despite Reagan's supply-side policies.

Apply basic principles of capitalization correctly.

Follow standards for the use of numbers in writing.

Recognize and correct misuse of words.

Identify and correct spelling errors in English sentences.

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Definitions:

Predetermined Overhead Rate

An estimated rate used to allocate manufacturing overhead costs to products based on a specific activity base.

Factory Depreciation

The allocation of the cost of a factory's physical assets over its useful life, recognizing the assets' wear and tear, deterioration, or obsolescence.

Property, Plant, and Equipment

Long-term tangible assets owned by a business, used in its operations to generate income, usually including buildings, machinery, and vehicles.

Net Operating Income

An indicator of a firm's earnings derived from its primary, ongoing business activities, not taking into account the subtraction of interest and taxes.