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Economic Policy: Influential Theories Quiz
Solution
MCQ Questions
Q.1.
free enterprise
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Classical economics played an important role in helping the United States establish ___________.
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classical economics
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Milton Friedman argued that consumers are more likely to alter their behavior based on....
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John Maynard Keynes believed that governments should increase spending in order to....
Q.2.
....John Maynard Keynes.
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The General Theory of Employment, Interest and Money was written by....
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John Maynard Keynes believed that governments should increase spending in order to....
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monetarism
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Monetarism plays a role in economic growth by....
Q.3.
....increase demand.
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John Maynard Keynes believed that governments should increase spending in order to....
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Which best describes how individuals help the economy grow?
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Classical economics played an important role in helping the United States establish ___________.
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Milton Friedman argued that consumers are more likely to alter their behavior based on....
Q.4.
....influencing the supply of money.
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monetarism
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Monetarism plays a role in economic growth by....
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Which best describes how individuals help the economy grow?
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Milton Friedman argued that consumers are more likely to alter their behavior based on....
Q.5.
to work to together to meet a goal
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classical economics
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Which best describes how individuals help the economy grow?
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laissez faire
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coordinate
Q.6.
the belief that governments should not be involved in economic affairs
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classical economics
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Which occurred during the Great Depression?
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laissez faire
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coordinate
Q.7.
....long-term changes in the economy.
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Which best describes how individuals help the economy grow?
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Milton Friedman argued that consumers are more likely to alter their behavior based on....
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Which occurred during the Great Depression?
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John Maynard Keynes believed that governments should increase spending in order to....
Q.8.
fiscal
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John Maynard Keynes believed that governments should increase spending in order to....
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Classical economics played an important role in helping the United States establish ___________.
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According to Milton Friedman, ___________ policy is the best way to influence the economy's aggregate demand.
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An economic thinker who influenced early economists was....
Q.9.
Producers and consumers work together, which guides the economy.
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Which best describes the idea behind the "invisible hand"?
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Milton Friedman argued that consumers are more likely to alter their behavior based on....
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Which best describes how individuals help the economy grow?
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Which occurred during the Great Depression?
Q.10.
They work to influence the economy.
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Which occurred during the Great Depression?
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Which best describes how individuals help the economy grow?
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Which best describes the idea behind the "invisible hand"?
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coordinate
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