The Keynesian approach to government economic policy:

A) has emphasized the role of individual self-interest as a powerful stabilizing force.
B) has consistently failed to reduce fluctuations in economic activity.
C) was ineffective during the 1960s.
D) highlighted the role of aggregate demand.
E) was rechristened supply-side economics around 1980.

Aggregate Demand

The cumulative demand for goods and services within an economy, reflecting the total spendable money available at various price points.

Government Economic Policy

The strategies and measures employed by a government to manage its economy, including taxation, spending, and interest rate settings.

Keynesian Approach

A macroeconomic theory that emphasizes the role of government intervention in stabilizing the economy and managing aggregate demand.