|
|
01 --
Keynesian
economic theory stresses that the government should play an active role in
managing ............... demand.
02 -- According to the Rational ............... Hypothesis, government cannot use fiscal policy to raise output above its natural level. 03 -- Monetarist theory also suggests that unemployment always ............. to converge on its "natural" level.
04 -- Prices and ............... policies were progressively abandoned in most market and mixed economies during the 1970s and early 1980s.
05 -- Other things being equal, automatic stabilizers should smooth .......... the business cycle.
06 -- Deregulation and liberalisation have been widely pursued under the influence of ............... economics.
07 -- Government borrowing is often criticised for .......... private investment.
08 -- Interest rates have generally become the main instrument for controlling the ............... supply.
09 ............... depends not just on interest rates but also on the companies' expectations of demand.
10 -- The authorities may decide to cut down public-sector spending as part of their ............... policy.
11 -- Changes in tax policy have a direct ............... on households' disposable income.
12 -- If households want to increase their savings ratio, then their .............. to consume is likely to fall.
13 -- It is often argued that a minimum .......... will increase unemployment.
14 -- A rise in the rate of inflation leads to a direct fall in ............... interest rates.
15 -- Financial deregulation is likely to cause a drop in the ............... of circulation.
|
