What was not an effect of the Great Depression?
A. Policy makers recommended boots in government spending after recessions.
B. Policy makers believed reductions in taxes would promote growth.
C. The government limited its role in correcting the economy.
D. The Federal Reserve increased its role in correcting the economy.
Answer: C
Economics
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At a price of $20, Daphne sells 35 hand-painted dog collars per week. When she raised her price to $25, she sold 28 per week. Based on this information, the demand for her dog collars is
A) perfectly elastic. B) inelastic. C) elastic. D) unit elastic.
Economics
Which of the following is an extreme form of risk associated with investing in a foreign country?
a. Credit risk b. Labor unrest c. Expropriation d. Immigration rules
Economics