New Deal and Keynesian Economics Quiz

Which New Deal program employed young men in environmental projects such as building roads, bridges, and parks?

• Securities and Exchange Commission (SEC)

• Civilian Conservation Corps (CCC)

• Works Progress Administration (WPA)

• Social Security

Which New Deal program funded public works projects and employed about 4 million people from 1935 to 1943?

• Securities and Exchange Commission (SEC)

• Social Security

• Works Progress Administration (WPA)

• Civilian Conservation Corps (CCC)

What was the main goal of government intervention according to Keynesian economics?

• Reduce government spending and taxation

• Increase inflation and reduce unemployment

• Promote free market competition

• Stabilize the economy and achieve full employment

According to Keynesian economics, what can sometimes lead to adverse macroeconomic outcomes, such as reduction in consumer spending during a recession?

• Monetary policy

• Market stability

• Private sector decisions

• Government intervention

According to Keynesian economics, what responds slowly to changes in supply and demand, resulting in periodic shortages and surpluses?

• Prices

• Wages

• Government regulations

• Consumer spending