The View That Inappropriate Monetary Policy Was the Main Reason

question 192

Multiple Choice

The view that inappropriate monetary policy was the main reason for the depth of the Great Depression in the United States is most closely associated with

• A) monetarism.
• B) the mainstream view.
• C) the rational expectations theory.
• D) the real-business-cycle theory.

---

Definitions:

Additives

Substances added to products, such as food or fuel, to enhance their properties or preserve their quality.

Secretly

The act of keeping something hidden or undisclosed from others.

Enlightened Self-interest

The understanding that actions which appear to benefit others can also indirectly benefit oneself, leading to outcomes that are advantageous for all parties involved.

Classical Economic

A school of thought in economics that emphasizes the importance of free markets, competition, and the self-regulating nature of economies.