The differing interpretations of the historical record of the Great Depression provide support for using:
A) active macroeconomic policy only.
B) passive macroeconomic policy only.
C) either active or passive macroeconomic policy.
D) neither active nor passive macroeconomic policy.

Question

Quizplus · Accepted Answer

The fact that there are differing interpretations of the historical record of the Great Depression indicates that there is no one-size-fits-all solution to economic downturns. Therefore, it is best to have the flexibility to use either active or passive macroeconomic policy depending on the specific circumstances of the economy.

The Differing Interpretations of the Historical Record of the Great