
Based on what you've read in the textbook, why would you say that most countries largely abandoned Keynesian policies in the 1970s and 1980s?
A) In the face of economic globalization, governments lost the ability to control economic life as they once had.
B) The publication of Adam Smith's The Wealth of Nations pushed governments toward more liberal economic policies.
C) High rates of unemployment forced governments to admit that Keynesian policies had failed and to look for alternatives.
D) The fall of the Berlin Wall demonstrated the failure of communist economic policies in general and Keynesian economics specifically.
Correct Answer:
Verified
Q51: John Davison Rockefeller was an American industrialist
Q55: Molly is a Keynesian economist, which means
Q57: Which of the following explanations would most
Q59: Jennifer works in a factory that manufactures
Q66: According to the textbook,what are three types
Q67: _ entities roam freely around the planet
Q73: In a short paragraph,compare and contrast two
Q81: Using the concept of division of labor,describe
Q82: In a short paragraph,explain why unions in
Q83: What are the main features of capitalism?
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents