As a Result of President Roosevelt's "Quarantine" Speech in Response

question 4

Multiple Choice

As a result of President Roosevelt's "quarantine" speech in response to Japan's attack on China in 1937, __________________.

• A) confirmed isolationists were pleased that the president responded to the incident by invoking the Neutrality Acts
• B) those who believed the United States had been too soft on Japan in the past were pleased by Roosevelt's denunciation of Japan
• C) Congress froze Japanese assets in the United States
• D) the State Department formulated a program designed to halt Japanese aggression in the Far East

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Definitions:

Potential Output

The maximum level of economic productivity that can be maintained in the long run without causing inflation to rise.

Governmental Intervention

Actions taken by a government to affect the economy, which can include regulations, subsidies, and taxes.

Discretionary Policy

Economic policies based on judgment decisions by policymakers, as opposed to rules-based policies, to manage the economy.

Policy Tools

Policy tools are mechanisms used by government or monetary authorities to influence the economy, such as interest rates, taxation, and government spending.