Question
Which of the following are characteristics of a Keynesian political-economic approach?
Group of answer choices
Increased social welfare supports
Decreased corporate taxation
Reduced governmental regulation
Support for unions
Decreased social housing
Group of answer choices
Increased social welfare supports
Decreased corporate taxation
Reduced governmental regulation
Support for unions
Decreased social housing
Answers
GPT-4o mini
The characteristics of a Keynesian political-economic approach typically include an emphasis on government intervention in the economy to manage demand and promote social welfare. Based on the options provided, the characteristics that align with the Keynesian approach are:
1. **Increased social welfare supports** - Keynesian economics often supports increased government spending to boost demand and provide social services.
2. **Support for unions** - While not a core component of Keynesian economics, Keynesian policies often advocate for labor rights and support for unions as part of increasing workers' income and enhancing demand.
The other options do not typically align with a Keynesian approach:
- **Decreased corporate taxation** is generally more aligned with supply-side economics or neoliberal policies rather than Keynesianism.
- **Reduced governmental regulation** tends to reflect a more free-market approach, which is also not a key aspect of Keynesianism.
- **Decreased social housing** would contradict the Keynesian emphasis on government intervention to support social welfare and manage economic instability.
Therefore, the correct answers that are characteristics of a Keynesian political-economic approach are **Increased social welfare supports** and potentially **Support for unions**.
1. **Increased social welfare supports** - Keynesian economics often supports increased government spending to boost demand and provide social services.
2. **Support for unions** - While not a core component of Keynesian economics, Keynesian policies often advocate for labor rights and support for unions as part of increasing workers' income and enhancing demand.
The other options do not typically align with a Keynesian approach:
- **Decreased corporate taxation** is generally more aligned with supply-side economics or neoliberal policies rather than Keynesianism.
- **Reduced governmental regulation** tends to reflect a more free-market approach, which is also not a key aspect of Keynesianism.
- **Decreased social housing** would contradict the Keynesian emphasis on government intervention to support social welfare and manage economic instability.
Therefore, the correct answers that are characteristics of a Keynesian political-economic approach are **Increased social welfare supports** and potentially **Support for unions**.