5.4 Economic Policy: Influential Theories

Question 1

Unlike Keynes, Hayek believed that consumer actions be accurately displayed on a supply and demand curve.

Revolt · Accepted Answer

could not

Question 2

During the Great Depression, Keynes promoted actions to encourage economic recovery.

Revolt · Accepted Answer

expansionary

Question 3

Use the drop-down menus to complete the sentences.

Revolt · Accepted Answer

According to the information presented about Country Y, the classical economic concept of can be seen.: the invisible hand; The economic events of Country Y demonstrate the idea of laissez faire because the government intervene in economic events.: did not

5.4 Economic Policy: Influential Theories Answers

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