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When did Jefferson reduce the size of government and adopt laissez fair econmic policy?
Wiki User
∙ 12y ago
1787
Wiki User
∙ 12y ago
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The econmic policy that manages the business cycle by changing government spending is called.?
Fiscal policy
Economic policy by which the government minimizes its regulation of industry?
laissez-faire laissez-faire
What is the policy of laissez- faire?
Active government intervention
Which phrase best describes the economic policy of laissez- fairs?
A laissez-faire economic policy involves a minimum of government interference in business.
Which phrase best describes the economic policy of laissez-fairs?
A laissez-faire economic policy involves a minimum of government interference in business.
Which is a laissez faire policy?
There is little government regulation of business.
What does it mean when government takes a laissez- faire form of policy?
Basically, it means that the government will not do anything. When you hear the word Laissez think Lazy.
What is the Laissez-fire policy?
In a truly Laissez-fire economy, the government does not do anything related to the economy. There are probably no truly laissez-fire economies in the world.
What is the opposite of laissez-faire economic policy?
Active government intervention
Which philosopher and economist suggested that the government should follow a policy of laissez faire?
Adam Smith was a famous philosopher and economist that suggested that government should follow a policy of laissez-faire during the 18th century.
What is a laissez?
policy that government should interfere as little as possible in the nation's economy
What were important actions during the presidency of Thomas Jefferson?
Luisiana Purchase -> Lewis and Clark Laissez-faire policy
