Schools of Economics

Question 1

The biggest threat to the economy is monopolies and cheaters; the government must regulate this

Accepted Answer

Classical

Question 2

Governmental assistance to the poorest interrupts the willingness to find cheap labor.

Accepted Answer

Classical

Question 3

To fight a recession, increase aggregate demand even if this creates inflation in the short run

Accepted Answer

Keynesian

Question 4

The short run is more important than the long run and is controlled by controlling money supply

Accepted Answer

Monetary

Question 5

If fighting a recession, buy back bonds from the banks and public.

Accepted Answer

Monetary

Question 6

Open competition creates efficient producers

Accepted Answer

Classical

Question 7

Open competition creates inefficient producers

Accepted Answer

Keynesian

Question 8

To battle inflation, the government should reduce job programs being offered by the government.

Accepted Answer

Keynesian

Question 9

If inflation is a problem, turn to the bond market and offer cheap bond investments.

Accepted Answer

Monetary

Question 10

The best way to provide growth and stability is to manipulate the banks and the flow of money,

Accepted Answer

Monetary

Question 11

The government should reduce job programs being offered by the government to fight inefficiency

Accepted Answer

Classical

Question 12

The best way to get the government out of the economy is to starve it of money by cutting taxes

Accepted Answer

Classical

Question 13

The short run takes care of itself, and the long run is the key to a healthy economoy

Accepted Answer

Classical

Question 14

Even if politicians know what to do, they take too long to do it.

Accepted Answer

Monetary

Question 15

Make the wealthy wealthier, therefore they will create more business activities with the money.

Accepted Answer

Classical

Question 16

The key to full employment, is to allow businesses to control the supply of goods and services.

Accepted Answer

Classical

Question 17

When the inevitable recession returns, the government should give assistance to the poorest.

Accepted Answer

Keynesian

Question 18

Providing consumers the ability to buy goods and services will stabilize the economy.

Accepted Answer

Keynesian

Question 19

The short run is more important than the long run, and is best manipulated by demand.

Accepted Answer

Keynesian

Question 20

Since political leaders won't increase taxes to fight inflation, adjust the cost of using money

Accepted Answer

Monetary

Questions 20