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JG CH Flashcards | StudBud
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JG CH
JG CH
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Questions
17
Answers
1
Keynes and Hayek's Systems were found to be true.
True
False
2
Milton Friedman was from the Chicago School of Economics.
True
False
3
What kind of shortages did the UK have in the 70's?
Whale Oil
Olive oil
Oil
Grave diggers
4
What were 2 of the 4 main principles (basis) of Reaganomics?
Increase Sound Money
Reduce government spending
Increase government regulations
Increase Federal Income Tax
5
Margret Thatcher loved Keynesians
False
True
6
The New Deal and new regulations surrounding capitalism are some of the changes seen under Franklin D. Roosevelt
False
True
7
Bretton Woods was the site of a world economic conference.
False
True
8
These leaders in the 80's pushed for Hayek based economic plans.
Ronald Weasley and Maggie Simpson
Dick Cheney and George W. Bush
Margret thatcher and Sir Patrick Stewart
Ronald Reagan and Margaret Thatcher
9
Central planning meant that the Kremlin controlled every detail of the economy
False
True
10
When inflation rate is high, the economic growth rate slows, and unemployment remains steadily high we have Stagflation
False
True
11
The 50's and 60's were economically hard.
False
True
12
In Austria after WWI Hayek saw people using paper money as...
Wall paper
Food sources
Fuel for heat
Paper weights
13
JFK was not a supporter of Keynes.
False
True
14
The government de-regulated airlines to create profitable competition.
True
False
15
Nixon listened to Milton Friedman's ideas.
True
False
16
According to Vladimir Lenin what was one of the Commanding Heights?
Copper
Steel
Iron
Carbon
17
Germany changed to a mixed economy.
True
False
