Which of the Following Perspectives Exerted the Most Impact on Fiscal

question 20

Multiple Choice

Which of the following perspectives exerted the most impact on fiscal policy during the Great Depression?

• A) the Keynesian view
• B) the supply-side view
• C) the view that the federal government should maintain a balanced budget
• D) the new classical view that fiscal policy exerts little impact on demand and output

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Definitions:

War of 1812

A conflict fought between the United States and the British Empire from 1812 to 1815, primarily over British restrictions on American trade and America's desire to expand its territory.

Territory Expansion

The process or policy of a country stretching its boundaries or influence into new areas, often involving colonization, acquisition, or annexation.

Ontario

A province in eastern Canada known for its diverse population, natural landscapes, and as the location of Canada’s largest city, Toronto.

National Bank

A financial institution, chartered by a government, which holds exclusive powers such as issuing currency and regulating other banks, crucial for implementing national monetary policies.