Informed by Experiences of the Great Depression, Future U

Multiple Choice

Informed by experiences of the Great Depression, future U.S. response to economic downturns is best characterized as:

A) always defaulting to Keynesian principles, including increased government spending
B) avoiding any increases in government spending, in favor of an emphasis on tax cuts
C) reinstitution of public job programs, given our emphasis on work effort
D) various policy tactics, including some Keynesian stimulus, as well as tax cuts and manipulation of interest rates, depending largely on prevailing political preferences