Chamberlain College of Nursing POLI 330 Week 6

Chamberlain College of Nursing POLI 330 Week 6 Week 6 quiz 1. (TCO 7) Radicals use the term “political economy” instead of _____ to describe their critique of capitalism and the inequitable distribution of wealth among nations. (Points : 3) Marxism laissez-faire public choice Keynesian Question 2. 2. (TCO 7) Describe British economist John Maynard Keynes’ proposal to cure economic depressions. (Points : 3) Keynes suggested infusing the economy with government funds to promote spending. Keynes advocated for “trickle-down” economic policies. Keynes argued for stronger stimulus packages to corporations and small businesses. Keynes proposed to cure depressions by dampening the swings of the business cycle. Question 3. 3. (TCO 7) President Jimmy Carter attempted to stimulate the economy, but this made inflation worse. This led him to _____. (Points : 3) lose the 1980 election slash prices of corn and soybeans subsidize major oil companies increase the national deficit Question 4. 4. (TCO 7) Conservatives hold that Johnson’s Great Society was a waste of money, locking recipients into _____ and encouraging a subculture of drugs and crime. (Points : 3) entitlement benefits perpetual subsidies