Which of the following best describes why governments in all modern capitalist societies play a substantial role in the management and direction of their economies?
A) The free market economy, left to itself, is subject to periods of collapse, inflation, and unemployment.
B) The poverty line is calculated by the president and the Office of Management and Budget using the value of the dollar and the cost of housing.
C) The economy could not work without some type of governmental intervention.
D) Most of the constitutions in countries around the world require that the government make economic policies.
E) It is the realm of politics, which is free of electoral concerns.
Correct Answer:
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