<span>Assuming that this is referring to the same list of options that was posted before with this question, <span>the correct response would be "The Good Neighbor Policy", since this was implemented under FDR to form friendly relations with Latin America. </span></span>
Answer:
The Quran is the holy book of Islam.
Explanation:
Everything else is false.
Answer:
We could definitely have a financial panic today.
Explanation:
If. the unemployment rate rises people will stop speeding money and it will cause economic collapse.
The value of the dollar will drop and the cost of goods and services will rise. People will stop investing in the economy and it could lead to another depression.
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.
