Before the Great Depression of the 1930s, most economists believed that
a. only active government policy could prevent recessions or inflation.
b. a capitalist economy had a natural tendency to cure recessions or inflation.
c. a capitalist economy had a natural tendency to inflation.
d. recessions and depressions were inevitable until the economy broke down completely.
b
Economics
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Behind the Glass-Steagall Act was the feeling that __________ is too risky for commercial banks
A) underwriting corporate securities B) competing to pay high deposit rates C) making business mortgage loans D) interstate branching
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According to Ricardian equivalence, taxation and government borrowing have the same effect on spending in the private sector
a. True b. False Indicate whether the statement is true or false
Economics