Many Economists Challenged the Idea of Activist Government Intervention in the Economy

question 63

Multiple Choice

Many economists challenged the idea of activist government intervention in the economy following the

• A) inflation of the 1970s and early 1980s.
• B) recession of 1974-1975.
• C) recession of 1980-1982.
• D) all of the above

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Definitions:

Projection

Seeing one’s own unconscious content in others rather than oneself.

Feelings of Inferiority

A sense of personal inadequacy or inferiority that can influence emotional and psychological wellbeing.

Alfred Adler

An Austrian medical doctor and psychotherapist, founder of the school of individual psychology, known for his theories on the importance of feelings of inferiority—the inferiority complex—and for his emphasis on social interest as a key to mental health.

Defense Mechanisms

Psychological strategies used unconsciously to protect oneself from anxiety arising from unacceptable thoughts or feelings.