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.

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Definitions:

Homeostasis

The ability of organisms or cells to regulate their internal environment and maintain a stable, constant condition in response to external changes.

Physiological Needs

Basic physical requirements for human survival, such as air, food, water, and shelter, as outlined in Maslow's hierarchy of needs.

Refractory Period

A period immediately following an action (like a nerve impulse or muscle contraction) during which a cell is incapable of repeating the action.

Plateau Stage

A phase in which progress in physical or intellectual growth seems to halt, before another phase of rapid development.