The Best Advice You Could Give to End a Depression

question 164

Multiple Choice

The best advice you could give to end a depression would be to

• A)balance the federal budget.
• B)run budget surpluses.
• C)have the government stimulate aggregate demand so we could spend our way out.
• D)have the government do nothing but wait until the economy righted itself.

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Definitions:

RULPA

The Revised Uniform Limited Partnership Act, which is a standardized set of laws to regulate the formation, operation, and dissolution of limited partnerships in the US.

Duty of Care

A legal obligation imposed on an individual to adhere to a standard of reasonable care while performing acts that could foreseeably harm others.

General Partner

A member of a partnership who has unlimited personal liability for the debts of the business and takes part in the management of the partnership.

Learned Helplessness

A condition in which a person suffers from a sense of powerlessness, arising from a traumatic event or persistent failure to succeed.