In 2008, the U.S. government stepped in to help some failing financial institutions as a way to prevent further collapse of the economy. Typically, the U.S. government does not interfere in these situations. What type of economy does this exemplify?

Question

Quizplus · Accepted Answer

The U.S. economy is a mixed economy, which combines elements of both market and government intervention. The government's intervention in 2008 to stabilize financial institutions is an example of this mixed approach.