Many economists challenged the idea of activist government intervention in the economy following the
A) inflation of the 1970s and early 1980s.
B) recession of 1974-1975.
C) recession of 1980-1982.
D) all of the above

Question

Quizplus · Accepted Answer

Many economists challenged the idea of activist government intervention in the economy following all of the above: inflation of the 1970s and early 1980s, recession of 1974-1975, and recession of 1980-1982. These events highlighted the limitations of government intervention and the potential negative consequences of policies such as deficit spending and monetary expansion. As a result, many economists advocated for a more laissez-faire approach to the economy and the role of government in it.

Many Economists Challenged the Idea of Activist Government Intervention in the Economy