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Author Question: Which statement explains how the Great Recession impacted the debate about neoliberalism? a. It ... (Read 118 times)

leilurhhh

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on: Jul 8, 2018
Which statement explains how the Great Recession impacted the debate about neoliberalism?
 
  a. It revealed the kinds of problems that could result from unregulated markets
  b. It demonstrated the negative consequences of shock therapy and rapid privatization
  c. It showed unions why they should support protectionism instead of free-trade policies
  d. It indicated that high levels of government debt were more problematic than originally perceived

Question 2

Suppose a developing country has high rates of economic growth for five years in a row, followed by a severe recession. The legislature passes an emergency budget that grows government spending by two hundred percent. This action is an example of _____.
 
  a. Keynesian policy
  b. import substitution
  c. supply-side economics
  d. the neoliberal consensus


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jharrington11

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Reply #1 on: Jul 8, 2018
Answer to Question 1

Correct Answer: a

Answer to Question 2

Correct Answer: a


leilurhhh

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Reply 2 on: Jul 8, 2018
YES! Correct, THANKS for helping me on my review

zacnyjessica

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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