Author Question: The occurrence of stagflation during the 1970s demonstrated which of these points about the economy? ... (Read 82 times)

jparksx · **on:** Jul 13, 2018

The occurrence of stagflation during the 1970s demonstrated which of these points about the economy?

a. Tax cuts do not automatically reduce government revenue.
b. Inflation is not necessarily accompanied by economic growth.
c. Government policy can do little to impact economic performance.
d. The private sector does not respond quickly to changes in government policy.

Question 2

Most FPTP systems are also called majoritarian systems because they __________.

a. produce a majority for one party in every election
b. allow each of the minority parties to override the actions of the majority
c. give a clear parliamentary majority to one party
d. use multi-member districts to broaden representation of the people