Multiple Choice
Which of the following is an important lesson that can be drawn from the experience of the Great Depression?
A) Frequent shifts in monetary policy can help smooth out unstable economic conditions during a recession.
B) Trade restrictions can "save jobs" and expand total employment during an economic downturn.
C) The good intentions of political decision-makers are no substitute for sound policy.
D) The federal government should always balance its budget during a recession.
Correct Answer:
Verified
Correct Answer:
Verified
Q37: The Great Depression was an era marked
Q38: Which of the following factors weakens the
Q39: Legislation that contains a number of projects
Q40: As more politically directed spending leads to
Q41: Use the figure below to answer the
Q43: People who spend more time and effort
Q44: Under democratic representative government, spending on a
Q45: Which one of the following economists has
Q46: Public choice theory assumes each voter will
Q47: The National Industrial Recovery Act essentially legalized<br>A)