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  1. Print the notecards
  2. Fold each page in half along the solid vertical line
  3. Cut out the notecards by cutting along each horizontal dotted line
  4. Optional: Glue, tape or staple the ends of each notecard together
  1. Verify Front of pages is selected for Viewing and print the front of the notecards
  2. Select Back of pages for Viewing and print the back of the notecards
    NOTE: Since the back of the pages are printed in reverse order (last page is printed first), keep the pages in the same order as they were after Step 1. Also, be sure to feed the pages in the same direction as you did in Step 1.
  3. Cut out the notecards by cutting along each horizontal and vertical dotted line
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11 notecards = 3 pages (4 cards per page)

Viewing:

Keynes

front 1

John Maynard Keynes took a "hands off", "laissez faire" approach to economics.

back 1

False

front 2

Despite being a brilliant economist, Keynes was perpetually poor.

back 2

False

front 3

John Maynard Keynes was acknowledged by his contemporaries to be a brilliant man.

back 3

True

front 4

According to classical economics, whenever consumers decide to save more, the decreased consumption is offset by increased business investment.

back 4

True

front 5

Automatic stabilizers such as unemployment insurance and the stock market help counteract economic downturns.

back 5

False

front 6

According to Keynes, in order to close a $200 billion recessionary gap, it is necessary for the government to spend $200 billion.

back 6

False

front 7

Keynes scoffed at fluid, flexible wages and prices. He thought workers would refuse to accept lower wages during a recession.

back 7

True

front 8

The equation for the Keynesian multiplier is 1/(1-MPC).

back 8

True

front 9

To Keynes, well-intentioned savers (including harmless old ladies), inflict more damage on the economy than any wicked industrialist.

back 9

True

front 10

While in college, John Maynard Keynes joined a secret society called "The Apostles." The Apostles were known for being both intellectual and arrogant.

back 10

True

front 11

Keynes thought that recessions were started by a decrease in Aggregate Supply.

back 11

False