Based on the experience of the Great Depression and the New Deal, which one of the following strategies would be most likely to stimulate recovery from a serious economic recession?
a. increase trade restrictions and tariffs to save jobs and enhance tax revenue
b. a reduction in the money supply in order to strengthen the dollar and combat inflation
c. keep taxes low in order to stimulate production and minimize the decline in personal and business income
d. institute frequent policy changes in order to search for and find the policy combination that would be most effective
C
You might also like to view...
Assuming the demand curve in question is downward sloping, the calculated price elasticity of demand will always be negative
Indicate whether the statement is true or false
J. J. Joubert, of the Joubert Dairy, tells his friend Jacques that the average revenue he gets for a liter of milk is $1 . We know then that $1 is the dairy's
a. marginal profit b. marginal cost c. price d. total revenue e. total profit