What is the designation for John Maynard Keynes's economic propositions, particularly those advocating monetary and fiscal interventions to stimulate business activity ?
Show answer Hide answer
Answer: C. Keynesian
Explanation
Keynesian economics refers to John Maynard Keynes macroeconomic propositions and interventions. Monetary and fiscal policies stimulate aggregate business activity during economic downturns. Government intervention is championed to manage demand and mitigate unemployment. John Maynard Keynes published his revolutionary general theory during the Great Depression. Macroeconomic management shifted dramatically toward Keynesian demand-side stabilization policies. Governments utilize public spending to offset private sector investment contractions.
Modern fiscal stimulus packages during recessions directly reflect Keynesian principles. Central banks and finance ministries coordinate interventions inspired by Keynesian models. Economic policy debates frequently contrast Keynesian views with monetarist perspectives. Market Economy describes decentralized commercial systems without implying specific Keynesian theory. Harvard Group refers to historical academic circles rather than Keynes macroeconomic framework. London Group is not the standard designation for Keynesian economic propositions.
Related questions
Q1. Hong Kong and South Korea illustrate developing economies that recently pursued ________ industrialization strategies?
Show answer Hide answer
Answer: B. export promotion
Hong Kong and South Korea pursued successful export promotion industrialization strategies. Outward-looking trade policies enabled rapid integration into global manufacturing markets. Focusing on foreign sales spurred ph...
Q2. GDP would encompass which of the subsequent items ?
Show answer Hide answer
Answer: B. consulting services
Gross Domestic Product includes market transactions for services such as professional consulting. Consulting services represent paid economic output generated within the domestic service sector. Explicit market prices al...
Q3. What magnitude of irrigation water deficit was recorded last year ?
Show answer Hide answer
Answer: D. 30.8%
Agricultural statistics and water resource reports track seasonal irrigation water deficits. A 30.8% shortfall represents the specific measured irrigation water deficit percentage. Water availability constraints severely...
Q4. What is the term for legal proceedings wherein a debtor remains incapable of settling obligations to creditors in full ?
Show answer Hide answer
Answer: A. Bankruptcy
Bankruptcy is the legal proceeding for debtors incapable of settling obligations. Insolvent entities use bankruptcy courts to restructure or liquidate outstanding debts. Legal protection shields debtors from creditors wh...
Q5. Gunnar Myrdal contends that a major impediment to high labor productivity is ?
Show answer Hide answer
Answer: B. a class system in which the elite are contemptuous of manual work
Gunnar Myrdal argued that social rigidities severely impede labor productivity in developing nations. Class structures where educated elites look down upon manual labor discourage practical skill application. Cultural di...
Q6. How many land reclamation projects have been finalized by the state?
Show answer Hide answer
Answer: C. 80
State agricultural development programs track completed land reclamation projects carefully. Eighty finalized projects represent the specific metric recorded in state reports. Reclaiming wasteland expands cultivable acre...