The best description of the economic ideology during World War I was __________

a. The belief that the economy could be strengthened by centralized coordination.
b. The economy would work best with a strong commitment to the free market.
c. The US should eliminate many federal agencies during World War I to make the government more efficient.


a. The belief that the economy could be strengthened by centralized coordination.

Economics

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The single most significant service item in the welfare package is

a. Medicaid b. defense c. AFDC d. food stamps e. natural resource conservation

Economics

The maximum increase in the money supply possible from a deposit of $D into the banking system where R is the reserve requirement is

a. (1/R)(D ? R). b. R × D. c. (1/R)(1 ? R)D. d. (1/R)D.

Economics

Expected expansionary monetary policy will raise real output beyond the economy's potential level in the short run

Indicate whether the statement is true or false

Economics

What is the difference between an inflation-indexed Treasury bond, and a Treasury bond that is not indexed?

A) An inflation-indexed Treasury bond guarantees a certain real rate of return, while a nonindexed Treasury bond does not. B) A nonindexed Treasury bond guarantees a certain real rate of return, while a nonindexed Treasury bond does not. C) An inflation-indexed Treasury bond can only be purchased directly from the Federal Reserve, while a nonindexed Treasury can be purchased through a broker. D) An inflation-indexed Treasury bond always guarantees the purchaser a 5 percent rate of return, while a nonindexed Treasury bond does not.

Economics