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How can the government make the business cycle less disruptive?
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What terms means the reduction of government control over business and other activities?
Deregulation of business refers to a reduction of government. With more control over, government has less involvement in businesses, which is why it is considered to be a smaller government.
Jackson's laissez-faire economic policy featured?
less government aid to business.
What did the new deal do for American business?
Because of the absurd spending on relief programs, taxes raised for everyone. This led consumers to buy less, which in turn cut from business profits. Less profits meant they could produce less and hire less workers. The higher unemployment rates led to people having less money and the cycle continued. Taxes on businesses directly caused them to decline as well.
Why did business people believe in an economic system free of government control?
Business people want less government control so that their businesses won't be highly regulated. They want to be able to expand without regard to promoting competition within the industry.
What are four characteristics of a bust in a boom or bust cycle?
A recession can be characterized by: * a period of unemployment * increase in government involvement such as monetarism * cash flow is reduced. There is less consumer spending, and more saving
Identify the two policies that the federal government can follow in order to make the business cycle less disruptive?
federal government can lower interest rates and stimulate spending to make the business cycle less disruptive.
Two policies that the federal government can follow to make the business cycle less disruptive?
ashitty things
Can inflation change a business cycle?
yes because less employment cause inflation
The idea OF Adam smith helped to bring about?
less government regulation of business
The ideas of Adam smith helped bring about?
less government regulation of business
What terms means the reduction of government control over business and other activities?
Deregulation of business refers to a reduction of government. With more control over, government has less involvement in businesses, which is why it is considered to be a smaller government.
Jackson's laissez-faire economic policy featured?
less government aid to business.
Differences and similarities between Harding and Coolidge?
they both wanted less government intervention in business and in peoples' lives.
What will most likely happens to a plant that does not receive enough sunlight?
the Calvin cycle will produce less glucose
What did the new deal do for American business?
Because of the absurd spending on relief programs, taxes raised for everyone. This led consumers to buy less, which in turn cut from business profits. Less profits meant they could produce less and hire less workers. The higher unemployment rates led to people having less money and the cycle continued. Taxes on businesses directly caused them to decline as well.
What is the role of government in economic cycle?
There is a divided opinion between the free market(or classical) economists and Keynesian economists in this argument The Free market economists argue that the government shouldn't have any role whatsoever in interefering with the market and should let the market continues on its normal business cycle. The Keynesian economoists would argue that the government has a role to "tame" the economic cycles (making less boom and also less recession). However, economic cycles are a natural occurance in any economic system and can't be destroyed (or doesn't yet has an example of an economic cycle being destroyed.) Most governments however do interefere with the market (an example would be huge stimulus packages by governments during the global recession of 2008-2009).
During the New Deal which interest group exercised less influence over the federal government than it had in the 1920s?
The business interest group.
