In the Initial Stages of the Great Depression, Fiscal Authorities

question 17

Multiple Choice

In the initial stages of the Great Depression, fiscal authorities responded to the decline in Joutput by

• A) increasing government purchases to stimulate aggregate demand.
• B) raising taxes to increase government revenue.
• C) lowering taxes to encourage spending.
• D) subsidizing private production to create jobs.

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Definitions:

Guidelines

A set of recommendations or principles given to direct action or to determine a course of action.

Social Institution

Established systems of societal norms and structures that govern the behavior and practices of individuals within a community, such as family, religion, and education.

U.S. Census Bureau

The federal agency responsible for collecting and analyzing data about the American people and economy, primarily known for conducting the decadal census.

Family Configurations

Various forms or structures of a family unit, such as nuclear families, single-parent families, extended families, etc.