(Last Word) According to the Austrian School, the Best Explanation

question 118

Multiple Choice

(Last Word) According to the Austrian School, the best explanation for what caused the Great Recession was that

• A)tax rates that were too high discouraged spending.
• B)government spending that was too low created insufficient public capital.
• C)interest rates that were too low induced excessive borrowing.
• D)interest rates that were too high discouraged firm borrowing and investment.

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Definitions:

Performance Dimensions

Various metrics and criteria used to evaluate and measure the effectiveness, efficiency, and quality of operations in a business or project.

Response Time

The amount of time it takes for a system or entity to react to a given input or request.

Product Variety

The range of different products or variations offered by a company to its customers.

Online Seller

An individual or business that sells goods or services through digital platforms or ecommerce websites.