THE GREAT DEPRESSION 1929 1940
THE GREAT DEPRESSION
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of these statements would a conservative most likely to have made at the onset of the Depression?
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The federal government should provide jobs to the unemployed.
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The federal government should provide homes for the homeless.
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The federal government should tax the wealthy to help the needy.
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The federal government should let the economy stabilize itself without interfering.
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Explanation:
Detailed explanation-1: -Fiscal policy is the use of government spending and taxation to influence the economy. Governments typically use fiscal policy to promote strong and sustainable growth and reduce poverty.
Detailed explanation-2: -Among the suggested causes of the Great Depression are: the stock market crash of 1929; the collapse of world trade due to the Smoot-Hawley Tariff; government policies; bank failures and panics; and the collapse of the money supply.
Detailed explanation-3: -Why would a federal government decision to increase spending be a matter of macroeconomic policy? Macroeconomics concerns the overall performance of the government. Macroeconomics concerns the overall performance of the economy.
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