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Economics

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Brenden McClure

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Cards in this guide (8)
Which famed English economist laid the basis for most theories on modern fiscal policy

John Maynard Keynes

What was stimulated by the economic events during the sixteenth century

Population growth. When the economy began to do better, people were better off and could live much longer lives.

Who president pursued an aggressive agenda of creating many new programs to directly assist those in need and an indirect economic recovery

FDR

Which Individual Makes All Decisions And Gains All Profits

the owner

Which of these is calculated in current dollar values

nominal GDP

What describes the private investment component of the GDP

the sum of all non-financial business investments

According to Quesnay which class created no economic wealth

wealthy landowners A+

According to Quesnay who or what was the creator of true wealth in the economy

farmer's surplus A+

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