Which of the following is an important lesson that can be drawn from the experience of the Great Depression?
A) Frequent shifts in monetary policy can help smooth out unstable economic conditions during a recession.
B) Trade restrictions can "save jobs" and expand total employment during an economic downturn.
C) The good intentions of political decision-makers are no substitute for sound policy.
D) The federal government should always balance its budget during a recession.

Question

Quizplus · Accepted Answer

The Great Depression showed that well-intentioned policies could have adverse effects if not based on sound economic principles.

Which of the Following Is an Important Lesson That Can