Who developed the idea of laissez-faire capitalism? The Balanced Budget Act of 1997 mandated a balanced federal budget, but what changed to allow Congress to ignore it? The statement, “That government is best, which governs least” best characterizes which ideology? At times, _________ have decreased while middle class, wage earners taxes have increased.

POLI 330N Week 6 Quiz – Question and Answers (TCO 7) Radicals use the term “political economy” instead of “_____,” which is a hard sell these days. (TCO 7) How do Keynesian economic policies differ from the traditional laissez-faire policies developed by Adam Smith? (TCO 7) The 1973 Mideast war allowed members of the Organization of Petroleum Exporting Countries (OPEC) to _____. (TCO 7) What event is largely considered responsible for deterring Johnson’s War on Poverty? (TCO 7...