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yarga [219]
3 years ago
7

The economy of the United States in the past can best be described as laissez-faire capitalism.True / False.

Social Studies
1 answer:
Nonamiya [84]3 years ago
3 0

The economy of the United States in the past cannot best be described as laissez faire capitalism.

Answer: False

Explanation: The United States of America has been following a mixed economy. Although there were claims of laissez faire capitalism in the past, the country was almost close to adopting it. A mixed economy is a type of economy where the economy is influenced by centrally planned policies of the government and elements of free market. Laissez faire economy consists of no regulations for transactions between individuals put by the government in the form of taxes or subsidies.  

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Option B is the correct answer.

<h3>What is a class action suit?</h3>

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According to the provided case, the public housing was claimed by the government segregation which is being disputed in the class action suit. It provides dollars of money to the people of the US to acquire properties in residential areas.

Therefore, Government-sponsored segregation was alleged in the public housing under the class action suit in the provided case.

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An economic expansion caused by a shift in aggregate demand remedies itself over time as the expected price level a.falls, shift
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<h3>What is Aggregate Demand?</h3>

Aggregate demand is a measurement of the demand that occurs for a product or service in a nation. The measure used in aggregate demand is money. Therefore, aggregate demand will show the amount of money spent by consumers on a good or service at a certain price level. Aggregate demand measured over a long period of time will also reflect gross domestic product (GDP).

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