Multiple Choice
During the Great Depression,consumers and producers in the United States dramatically reduced their spending relative to the quantity of goods and services available at the time.Which economic principle does this statement BEST represent?
A) Choices are necessary because resources are scarce.
B) When markets don't achieve efficiency,government intervention can improve society's welfare.
C) Overall spending sometimes gets out of line with the economy's productive capacity.
D) Government policies can change spending.
Correct Answer:

Verified
Correct Answer:
Verified
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