Keynesian approach - Study guides, Class notes & Summaries

to what extent did the political landscape change 1918-79? ARGUMENT- changes massively, war most prominent change PARA 1- rise of labour+decline of the liberals. Lloyd-george outed asquith, seen as traitor. caused a split in the liberals, failed to reunite for 1918 election. Tories rejected coalition, allowed labour to rise. ww1 led to more trade union members, no more fptp. labour became the main opposition in 1929, parties shared the goal of getting rid of liberals PARA 2- ww2. the war ...

Radicals use the term "political economy" instead of _____ to describe their critique of capitalism and the inequitable distribution of wealth among nations. correct answersMarxism How do Keynesian economic policies differ from the traditional laissez-faire policies developed by Adam Smith? correct answersKeynesian economics advocates for increased government control of economics, and traditional laissez-faire argues for a hands-free approach. The 1973 Mideast war allowed members of the ...

Buying stock on the margin is a way to use leverage. - ANSWER-True Austrian economists tend to favor free market solutions to economic problems, and Keynesians tend to favor an active government. - ANSWER-True If a product faces an elastic demand curve, total revenue will increase when the price increases. - ANSWER-False Opportunity cost is - ANSWER-that which you give up in the best alternative choice when making a decision An increase in gross domestic product (GDP) would be a posi...

LEARNING UNIT Welcome to the second part of your introduction to economics. We hope that you will find this module mentally stimulating and worthwhile. The purpose of the module is to gain insight into macroeconomic theory and variables such as total production and income of a country, economic growth, unemployment, inflation, and the balance of payments. After you have studied this module, you should be able to ■ explain the functioning of the economy as a whole ■ assess...

POLI 330N Final Exam 3- Question with Answers(Graded A+) (TCO 1) Which best explains the differences between historians & political scientists? Historians look for generalizations, & political scientists are reluctant to generalize. Historians are reluctant to generalize, & political scientists look for generalizations. Historians are more likely to look for comparisons than political scientists. Historians tend to focus on nature-based explanations, & political scientists focus on n...

POLI 330N Final Exam 3- Question with Answers(Graded A+) (TCO 1) Which best explains the differences between historians & political scientists? Historians look for generalizations, & political scientists are reluctant to generalize. Historians are reluctant to generalize, & political scientists look for generalizations. Historians are more likely to look for comparisons than political scientists. Historians tend to focus on nature-based explanations, & political scientists focus on n...

How successful was welfare provision, 1918-39 Introduction: - Unemployment was the most pressing issue (never below one million, peaking at 3 million) - Governments wanted to help fix unemployment but also balance the books (retrenchment) - 1911 national insurance scheme wasn't adequate for the 3.5 million returning soldiers - Also key shortages in housing and the lack of pensions - Overall pensions appear successful due to lack of tinkering but really because of limited options for ref...

POLI 330N Week 8 Final Exam (Version 2 - Essay & MCQs).| 2022 LATEST UPDATE | Graded A+ POLI 330N Week 8 Final Exam (Version 2 - Essay & MCQs). POLI 330N   POLI 330N Week 8 Final Exam (Version 2 - Essay & MCQs). Course Home Week 8 : Final Exam Final Exam Page 1 1. (TCO 1) Historians and political scientists are different because historians and political scientists . Chapter 1, page 5 (Points : 2) are reluctant to generalize; look for generalizations look for ...

Which of the following is NOT a producer? - answer-An unemployed college student Which of the following is an ethereal added utility to a consumer? - answer-The smell of espresso What is the primary difference between microeconomics and macroeconomics? - answer-Microeconomics looks at scarcity for companies, while macroeconomics looks at it for entire economies. In economics, scarcity means that: - answer-There is a finite amount of resources. Economy A has a comparative advantage ov...

POLI 330N Week 8 Final Exam (Version 2 - Essay & MCQs).| 2022 LATEST UPDATE | Graded A+ POLI 330N Week 8 Final Exam (Version 2 - Essay & MCQs). POLI 330N   POLI 330N Week 8 Final Exam (Version 2 - Essay & MCQs). Course Home Week 8 : Final Exam Final Exam Page 1 1. (TCO 1) Historians and political scientists are different because historians and political scientists . Chapter 1, page 5 (Points : 2) are reluctant to generalize; look for generalizations look fo...