Author Question: The 2008 U.S. financial bailouts were met with public opposition despite the fact that they staved ... (Read 32 times)

gonzo233 · **on:** Jul 13, 2018

The 2008 U.S. financial bailouts were met with public opposition despite the fact that they staved off a depression and were being repaid. This illustrates that __________.

a. opinion polls have no impact on government decisions
b. elected officials often misunderstand what opinion polls show
c. mass opinion should play a greater role in economic policy making
d. the public is often swayed by emotional rather than rational considerations

Question 2

Which of these is the best example of Keynesianism?

a. President Eisenhower's attempt to limit defense spending
b. President Reagan's efforts to deregulate the airline industry
c. President Johnson's deficit spending to support the Vietnam War
d. the Federal Reserve Board's sharp decrease in interest rates to address the 2008 economic crisis