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oney supp nd comba der to stim n personal -licy chanc

oney supp nd comba der to stim n personal -licy chanc

Understanding Business
Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
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Based on the experience of the Great Depression and the New Deal, which one of the following strategies would be most likely to stimulate recovery from a serious economic recession? a. Increase trade restrictions and tariffs to save jobs and enhance tax revenue. O b. A reduction in the money supply in order to strengthen the dollar and combat inflation. c. Keep taxes low in order to stimulate production and minimize the decline in personal and business income. O d. Institute frequent policy changes in order to search for and find the policy combination that would be most effective.
Transcribed Image Text:Based on the experience of the Great Depression and the New Deal, which one of the following strategies would be most likely to stimulate recovery from a serious economic recession? a. Increase trade restrictions and tariffs to save jobs and enhance tax revenue. O b. A reduction in the money supply in order to strengthen the dollar and combat inflation. c. Keep taxes low in order to stimulate production and minimize the decline in personal and business income. O d. Institute frequent policy changes in order to search for and find the policy combination that would be most effective.
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