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:

Improper Fractions

Fractions in which the top number (numerator) is equal to or higher than the bottom number (denominator), signifying a value of at least one.

Lowest Terms

The simplest form of a fraction, where the numerator and denominator are reduced to their smallest possible values.

Rusty Metal Fence

A fence made of metal that has undergone oxidation, resulting in a reddish-brown flaky coating on its surface.

Feet Per Hour

A measurement of speed or velocity indicating how many feet are covered in one hour.