What Was the Most Common Initial Response of Governments to the Great

question 26

Multiple Choice

What was the most common initial response of governments to the Great Depression?

• A)Raise taxes, cut expenditures, and balance the budget
• B)Lower taxes and increase spending to stimulate the economy
• C)Change nothing and let the market heal itself
• D)Lower tariffs to stimulate international trade
• E)Reverting to Keynes theories of rationale government intervention

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Definitions:

Service Quality

A measure of how well the service level delivered matches customer expectations.

Philip Crosby

An American businessman and author, known for promoting concepts related to quality management such as "zero defects" and the cost of quality.

Zero Defects

A quality management concept aiming for the reduction of defects and errors in a product to zero through continuous improvement.

Continuous Improvement

An ongoing effort to improve products, services, or processes by making small, incremental improvements over time.