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How are education and training part of economic planning?

Select one:

a. They are the only wise way of saving

b. They combine with experience to make human capital

c. They are always rewarded with tax rebates

d. The government pays for everyone's education and training

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John Maynard Keynes

Select one:

a. introduced his theories in 1936.

b. introduced his theories in the 1970s.

c. argued that government should limit its involvement in business.

d. argued that foreign-sector spending should not be ignored.

Question 17

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The Council of Economic Advisers

Select one:

a. advises Congress on economic developments and strategy.

b. determines the Feds monetary policy.

c. is an independent agency with broad regulatory powers.

d. advises the president on economic developments and strategy.

Question 18

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Unlike demand-side economics, supply-side economics

Select one:

a. urges higher taxes to increase spending on government programs.

b. emphasizes increasing consumer purchasing power.

c. advocates reduced government involvement in business.

d. advocates increased government involvement in business.