Walton and Rockoff contend that a repetition of the Great Depression is unlikely for all of the following reasons except ____.
A) the Federal Reserve is unlikely to repeat the mistakes it made in the 1930s.
B) the private sector is less vulnerable now because the industrial sector is relatively smaller.
C) government programs exist that would ameliorate suffering and inhibit the spread of a crippling panic.
D) the public is unlikely, even in a depression, to vote for a radical government that would frighten business and inhibit investment, the way it did in the 1930s.
Correct Answer:
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