Famous Shakespearean Quotes Flash Cards Template Page 3
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30CUT along the dashed lines. FOLD along the solid lines.
Economic theory that states
The amount of money a
only monetary policy can
government prints and
affect economic wellbeing in
puts into circulation and
capitalist economies; rejects
Keynesian policy, arguing
the basic interest rates
instead for a reduced role for
the government sets
government in the economy
Theory of trade that argues that
Development policy popular in the
economic efficiency and well-being
1950s-1970s that uses trade policy,
will be maximized if each country uses
monetary policy, and currency rates
its resources to produce whatever it
to encourage the creation of new
produces relatively well compared to
industries to produce goods
other countries and then trades its
domestically that the country
own products with other countries for
imported in the past
goods it does not produce
A development theory supporting
Development programs
structural adjustment programs that
created by the World Bank
argues developing countries should
and International Monetary
reduce the role of
government and
open themselves to global trade to
Fund beginning in the
allow the market to allocate
1980s; based on
resources to maximize efficiency and
neoliberalism
thereby economic growth
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