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

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
icon
Related questions
Question
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.
Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Understanding Business
Understanding Business
Management
ISBN:
9781259929434
Author:
William Nickels
Publisher:
McGraw-Hill Education
Management (14th Edition)
Management (14th Edition)
Management
ISBN:
9780134527604
Author:
Stephen P. Robbins, Mary A. Coulter
Publisher:
PEARSON
Spreadsheet Modeling & Decision Analysis: A Pract…
Spreadsheet Modeling & Decision Analysis: A Pract…
Management
ISBN:
9781305947412
Author:
Cliff Ragsdale
Publisher:
Cengage Learning
Management Information Systems: Managing The Digi…
Management Information Systems: Managing The Digi…
Management
ISBN:
9780135191798
Author:
Kenneth C. Laudon, Jane P. Laudon
Publisher:
PEARSON
Business Essentials (12th Edition) (What's New in…
Business Essentials (12th Edition) (What's New in…
Management
ISBN:
9780134728391
Author:
Ronald J. Ebert, Ricky W. Griffin
Publisher:
PEARSON
Fundamentals of Management (10th Edition)
Fundamentals of Management (10th Edition)
Management
ISBN:
9780134237473
Author:
Stephen P. Robbins, Mary A. Coulter, David A. De Cenzo
Publisher:
PEARSON