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Laissez-Faire economics holds which of the following to be true?

a. The government should raise interest rates during a recession.

b. The government should not intervene in the economy.

c. The government should actively work to reduce unemployment.

d. The government should lower interest rates during a recession.

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Sonia Dhawan
Sonia DhawanLv10
14 Oct 2020

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Related questions

Define  laissez-faire economy.

Whcih of the following statements is true?

a.The Doctrine of laissez-faire advocates an economic system with extensive government intervention and little individual decision making.

b. In capitalism, income is distributed on the basis of need

c. Adam Smith was the father of socialism

d. Most real world systems are mixed economic systems.

 

 

To combat a recession with discretionary fiscal policy, Congress and the president should

a. Decrease government spending to balance the budget.

b. Decrease taxes to increase consumer disposable income.

c. Lower interest rates and increase investment by increasing the money supply.

d. Raise taxes on interest and dividends, but not on personal income.

Which of these statements is a fundamental part of Keynesian economics?
a. The federal government should have a balanced budget every year to protect economic growth.
b. The government should reduce taxes to promote economic growth by increasing aggregate supply.
c. The government can use deficit spending to increase aggregate demand and pull the economy out of recession.
d. The economy will only reach equilibrium and prosperity through the self-regulation of the free market.

 

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