In contrast to the post–World War II period, before 1940 the government
A. actively intervened in the economy for stabilization purposes.
B. used aggregate demand management to avoid recessions.
C. rarely intervened in the economy to influence inflation or unemployment rates.
D. used government ownership to guarantee full employment.
Answer: C
Economics
You might also like to view...
Supply-side policies are focused on ______.
a. short-run stabilization b. both short and long-run stabilization c. increasing long-run industry regulation d. decreasing long-run aggregate supply
Economics
An increase in the value of the dollar will ___ agg demand
Fill in the blank(s) with the appropriate word(s).
Economics