Who Developed the Idea That Government Could Smooth Out the Ups

question 18

Multiple Choice

Who developed the idea that government could smooth out the ups and downs of the free-market economy?

• A) John Maynard Keynes
• B) David Riccado
• C) Milton Friedman
• D) Adam Smith

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Definitions:

Employee Involvement

The practice of involving staff in the decision-making processes of an organization to improve commitment, productivity, and job satisfaction.

Polarization

The process by which the differences between two opposing sides or viewpoints become more extreme, leading to a greater division within a group or society.

Theoretical Perspectives

Various frameworks or models that scholars use to understand, explain, and analyze phenomena within a particular field of study.

Intellective Tasks

Activities or problems that require cognitive skills such as analysis, synthesis, and evaluation to solve.