__________ refers to the ideology that the government should take a much more active role in stabilizing, regulating, and steering the economy, and should assist the unemployed and the poor, who were frequently victims of the failures and flaws of the market economy
a. Classic liberalism c. Modern conservatism
b. Modern liberalism d. Semi-isolationism
B
You might also like to view...
Under the Articles of Confederation, each state had one vote in a national legislative body with only one house.
Answer the following statement true (T) or false (F)
________ is the process of material, institutional, and human progress in a particular country or region.
Fill in the blank(s) with the appropriate word(s).
A(n) __________ consists of many people interested in a significant issue, idea, or concern who are willing to take action to support or oppose it
Answer:
Which of the following actions is most likely to be taken by the Federal Reserve System in periods of recession and high unemployment?
A) Expanding the rate of growth of the money supply B) Causing interest rates to rise C) Inducing consumers to spend less and businesses to invest less D) Pursuing a tight-money policy E) Reducing the rate of growth in the amount of money in circulation