Who is associated with the following summary of the economic way of thinking: The theory of economics does not furnish a body of settled conclusions immediately acceptable to policy.
It is a method rather than a doctrine, an apparatus of the mind, a technique of thinking which helps its processer draw correct conclusions.
A) Adam Smith B) John Maynard Keynes
C) President Harry Truman D) Alfred Marshall
Question 2
Which one of the following would likely reduce the level of structural unemployment?
A) increasing the minimum wage to encourage more people to work
B) limiting unemployment insurance benefits
C) strengthening restrictions on who can be licensed to enter certain professions
D) increasing the level of union bargaining power
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