Which of the following best expresses the prevailing thought in 1929 concerning economic depressions?
A. Massive government aid to business is the best way to overcome a depression.
B. Economic downturns are natural and simply must be allowed to run their course.
C. The proper course during a depression is to lower tariff levels and raise taxes.
D. The key to overcoming a depression is to raise interest rates.
Answer: B
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A) Thomas Jefferson. B) George Washington. C) John Adams. D) Alexander Hamilton. E) James Madison.
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