The Laissez-Faire Approach Popular Before the Great Depression Influenced the U.S.government

question 151

Multiple Choice

The laissez-faire approach popular before the Great Depression influenced the U.S.government to see business downturns as

• A)natural phases in an otherwise healthy system,and therefore to take short-term deficit spending measures to help recovery
• B)natural phases in an otherwise healthy system,and therefore to wait for recovery to occur naturally
• C)serious maladies in an otherwise healthy system,and therefore to work to redesign the system to avoid such failure in the future
• D)failures of the type of system Adam Smith envisaged,and therefore to work to move toward a modern,more managed economy
• E)failures of the system to achieve the form that Adam Smith envisaged,and therefore to work to decrease government interference at the micro level

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Definitions:

Cognitive Therapist

A mental health professional specialized in cognitive therapy, focusing on identifying and changing negative thought patterns to improve mental health.

Unconditional Positive Regard

A term in client-centered therapy for accepting and respecting others as they are without judgment or evaluation.

Faulty Reasoning

Erroneous or flawed processes of thinking that lead to incorrect conclusions or beliefs.

Cognitive Therapy

A form of psychotherapy that aims to change negative patterns of thinking to improve an individual's mood and behaviors.