Social 30 Economics Unit Review

Communism is the most extreme form of 

He created a utopian socialist factory community called New Lanark

When the government gets involved to help the economy to encourage equality it is

Stalin used this to try and create a society without class conflict

Neo-conservatives encourage the use of deregulation and this

Monetary policy is

Another term for supply-side economics is

These were created to directly give workers more power, part of labor mov't response to abuse

Teddy Roosevelt's "square deal": more protection for workers and consumers from Robber Barons =

Social democrats support the use of a flat tax rate

When Lenin saw that pure communism was not working, he instituted

He believed all of history and society is based on class conflict 

Lenin's NEP moved the Soviet Union slightly to the 

This is the term for the changes implemented by Gorbachev in the USSR in the 1980s

This is the term for the owners of the means of production according to Marx

This is the term for wanting the government to stay out of the economy

He introduced the idea of the New Deal, moving the US economy to the left

Governments in mixed economies will use this to help businesses survive and keep prices low

Canada uses all of the following EXCEPT ... to encourage a more equitable income distribution

He introduced the ideas of the invisible hand

This is when Keynes introduced his ideas of deficit financing 

According to demand-side economics, when the economy is in a recession the government should

Modern liberalism is seen in ____ economies and classical liberalism is seen in ___ economies

According to supply-side economics, when there is an inflationary spiral the government should

This is the term for when supply and demand will control the economy