Which of the Following Statements Provides Evidence of American's Assessment

question 98

Multiple Choice

Which of the following statements provides evidence of American's assessment of the first twenty months of Harry Truman's presidency?

• A) Procommunist elements strengthened their influence in the Democratic party.
• B) In the November 1946 elections Republicans gained control of both houses of Congress for the first time since 1928.
• C) John L. Lewis took the United Mine Workers out on strike twice, and Truman nationalized the mines twice.
• D) Truman was reelected in a landslide victory.
• E) The Democrats gained control of twenty-five governorships in the elections of 1946.

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Definitions:

Keynesians

Economists and followers of the economic theories proposed by John Maynard Keynes, emphasizing the importance of total spending in the economy and government interventions to stabilize economic cycles.

Laissez-Faire Policies

Economic stance that opposes the overregulation or interference of the government in free market operations.

Monetary Restraint

A policy used by central banks to slow down economic growth by raising interest rates or reducing the supply of money.

Aggregate Demand

The entire need for products and services within an economy at a specific aggregate price level during a certain time frame.