The correct answer is B.
Milton Friedman (1912 - 2006) was an economist who received the 1976 Nobel Prize in Economics for his studies in consumption analysis, monetary history and complex theories related to stabilization, including goverment intervention policies.
Presidents such as Hoover or Coolidge, who had governed in the decade before the Great Depression, supported laisez-faire economic measures, that consisted on free functioning of the markets with minimum goverment interventionism. Markets alone, would produce the most efficent outcomes, according to his viewpoint. Therefore, the policies introduced by these governments, involved minimum government regulation of the economic activity by the goverment.
<u>This is why Friedman, such as many others, claimed for alternative policies which involved goverment intervention for stabilization purpouses, using the mechanisms of the fiscal policy.</u> Subsequent goverments did apply such measures, being the best example the New Deal, based on Keynesian economics and implemented by President Roosevelt. The New Deal aimed to create job positions for the large unemployed sectors of the US population, by increasing public expenditure (one of the variables of the fiscal policy) in public works and hence, creating employment to undertake those works.
Explanation:
Terms in this set (44) What is the difference between New and Old immigrants? Old immigrants came to the U.S. and were generally wealthy, educated, skilled, and were from southern and eastern Europe. New immigrants were generally poor, unskilled, and came from Northern and Western Europe.
Answer:
Yiddish
Explanation:
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The answer is prohibited strikes
Harding was for expanding the defensive tax. Harding additionally authorized new movement laws. The Fordney-McCumber Tariff was built up and wound up plainly one of the most noteworthy levies ever. This levy was considerably higher than the Payne-Aldrich tax amid Taft's administration. Rather than helping the economy, the Fordney-McCumber Tariff was a reason for the Great Depression. It made different nations increment their rates. The nation was no in conditions like the begin of World War I. Wartime controls were evacuated, the Fordney-McCumber Tariff was built up and movement was limited. Harding understood the greater part of the defects in the administration that should have been settled however he passed away before he goes the opportunity to utilize his energy. The Teapot Dome embarrassment additionally happened amid Harding's administration when Secretary of the Interior Albert B. Fall rented an oil save in eastern Wyoming to Harry F. Sinclair's oil organization in 1921.