Before the Great Depression the popular view of government was:
A) laissez-faire; and after the Great Depression, the popular view of government was activist.
B) activist; and after the Great Depression, the popular view of government was laissez-faire.
C) activist; and after the Great Depression, the popular view of government was still activist.
D) laissez-faire; and after the Great Depression, the popular view of government was still laissez-faire.
Correct Answer:
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Q3: The laissez-faire policy prescription to eliminate unemployment
Q4: Laissez-faire economists favor government intervention in the
Q5: Laissez-faire economists believe:
A)government policies are largely ineffective
Q6: Which of the following statements would a
Q9: Policy issues of business cycles are considered
Q10: The four phases of the business cycle
Q11: Keynesian economists tend to focus their analysis
Q12: If the economy is in a structural
Q13: The terms business cycle and structural stagnation
Q18: Cyclical unemployment is caused by fluctuations in
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