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Economics

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Candace Okuneva

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Cards in this guide (15)
What companies does Kellogg's own

The Kellogg company owns several other companies that are well known. Some of the companies are Pringles, Famous Amos, Pop Tarts, and Morningstar Farms.

What is the focus of macroeconomics

The focus of macroeconomics is the income theory based on the balance of demand which takes into account consumer, business, government, with the supply of goods, stimulated by the encouragement of private expenditure and government deficit spending. This area of economics was conceived in 1935 by English economist John Maynard Keynes.
Macroeconomics is concentrates on trends in the entire economy as a whole

This man is responsible for changing classical thinking in the twentieth century

keynes

The difference between what the workers produce and what they earn is surplus value

Surplus value is the difference between the value that workers produce and what they are paid in wages.

Who benefited least from the new deal policies

Minorities and women were the least benefited from the New Deal policies.

What dictates which goods and services producers should or should not create

Consumer choices

What is money called when it is accepted for goods and services

A medium of exchange

When did The Proletariat end

The Proletariat ended in 1987.

Which modern theorist's work in monetarist thought earned him a Nobel prize in economic sciences

Milton Friedman's work in monetarist thought earned him a Nobel prize in economic sciences.

How did World War 1 hurt businesses in Europe even after the war

Answer this q Businesses struggled to replace skilled workers killed or severely injured in the fighting. uestion…

In his book The General Theory of Employment Interest and Money what was Keynes credited with

creating and shaping modern macroeconomics

Franklin D. Roosevelt's New Deal economic policies reversed what early political response to the Great Depression

Cutting spending in response to decreased tax revenue

What of the following is true of private corporations

they are not owned by the general public A+

Which factor played a role in the US enjoying economic prosperity during the Roaring 20s

The United States had not incurred high levels of foreign debt during World War I.

Is john Maynard Keynes single

No, john Maynard Keynes is not single.

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