_____46. Which school of economic thought emphasized the most active role for go
ID: 1209230 • Letter: #
Question
_____46. Which school of economic thought emphasized the most active role for government in the economy?
Supply-Side Economics.
New Classical Economics.
Monetarism.
Reaganomics.
Keynesian Economics.
_____47. Which school of economic thought emphasized the least active role for government in the economy?
A. Supply-Side Economics.
New Classical Economics.
Monetarism.
Reaganomics.
Keynesian Economics.
_____48. According to Friedman, social security discourages employers from hiring additional workers. It was in this context that he referred to social security as:
“an unfair burden.”
“the program from hell.”
“not relevant.”
“a tax on work.”
“a negative income tax.”
_____64. According to Keynes’ theory on the rigidity of money wages an employer during periods of falling output and profits would:
cut the level of money wages rather than the length of the work week.
continue to operate at a loss until economic conditions improve.
wait for voluntary layoffs among the workforce.
all of the above.
none of the above.
Explanation / Answer
46. Keynesian Economics.
Keynes theory came after great depression in which he empasised active role of govrnment in fiscal and monetary policy for economic stability.
47. New Classical Economics.It believes in Laissez faire economy.
48. “an unfair burden.” Money for social secutrity comes from taxes whose burden falls on public.
64.none of the above. This leads to involuntary unemployment because wages are fixed.
Related Questions
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.