The Most Likely Explanation for Why the U

question 61

Multiple Choice

The most likely explanation for why the U.S. government was not worried about the growth in deficits caused by expansionary policy was they:

• A)wanted inflation to occur in order to wipe out the value of government debt.
• B)knew they could pass significant tax increases to manage the deficit.
• C)expected that the economy would grow out of the deficit.
• D)wanted to make the dollar exchange rate favorable compared to the Yuan.

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Definitions:

Max Weber

A German sociologist, philosopher, and political economist, whose ideas profoundly influenced social theory and social research.

Positivist Critique

A critical perspective based on the belief that information derived from logical and mathematical treatments and reports of sensory experience is the exclusive source of all authoritative knowledge.

French Revolution

A period of radical social and political upheaval in France between 1789 and 1799, which resulted in the overthrow of the monarchy, establishment of a republic, and significant changes in the country's social structure.

Ameliorism

A philosophical stance promoting the belief that the world or society can be improved through human effort.