Lessons gained by comparing the Great Depression and the Great Recession would seem to tell us that ________ is the best possible response in the face of a recession.

Question

Quizplus · Accepted Answer

Increasing government spending is considered the best response in the face of a recession, as it can help stimulate economic activity by creating jobs and increasing demand. This approach is supported by Keynesian economic theory, which was applied during the Great Depression and has influenced policies in subsequent economic downturns, including the Great Recession.

Lessons Gained by Comparing the Great Depression and the Great