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.
Is a list of citations to books, articles, and documents. Each citation is followed by a brief (usually about 150 words) descriptive and evaluative paragraph, the annotation. The purpose of the annotation is to inform the reader of the relevance, accuracy, and quality of the sources cited.
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Question 4 (1 point)
From the article U.S. History
The origins of the U.S. Army in the American Revolution, which of the following
answer choices BEST describes the reaction of Congress to Washington and Knox's
recommendations?
O Congress responded by increasing the size of the regular army in order to defend
frontier states and passing the Militia Act to give those state militias more power
to train and defend themselves.
O Congress responded by disbanding most of the regular army and passing the
Militia Act because it feared that their recommendations would give more power
to the federal government than the states.
O Congress responded by expanding the regular army in order to fight the War of
1812 and using the Militia Act to order states to send their forces to defend the
capital.
O Congress responded by eliminating the existing regular army and using the
Militia Act to force states to increase training of independent troops for defense.
Explanation:
O Congress responded by eliminating the existing regular army and using the
Militia Act to force states to increase training of independent troops for defense.
