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Wilfredo Pareto Question 18 (2 points) Given the inherent potential for the circular flow of national income (or GDP) to be diminished by un-invested savings
Wilfredo Pareto Question 18 (2 points) Given the inherent potential for the circular flow of national income (or GDP) to be diminished by un-invested savings (i.e., by investment cycles), Keynes' proposes what in his General Theory of Money, Interest and Employment? To partially "socialize" investment with government spending or "fiscal stimulus" - particularly in the form of public investment - whenever necessary. To socialize the flow of national income whenever necessary. To bolster private household consumption with targeted tax breaks. To print money and "helicopter" it into the economy - hence "helicopter money". To mobilize the economy for war. Question 19 (2 points) In Schumpeter's vision of the future, the transition from capitalism to some kind of "managerial socialism" is made less politically and socially painful by his belief: MacBook
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