What effect did ford’s economic policy have on the economy?

Answer 1

Inflation went down due to spending cuts, but unemployment remained high under Ford's economic policy.

Answer 2

The economic policy introduced by Ford encourage people to increase their savings and minimize their spending. While this might lower the rate of inflation, lower spending mean that there would be lesser opportunities for producers to sell their product.

Answer 3

Inflation went down due to spending cuts, but unemployment remained high under Ford's economic policy.

Answer 4

Inflation went down,but uemployment remained high

Answer 5

Inflation went down due to spending cuts

Answer 6

Inflation went down due to spending cuts

Answer 7

Ford's economic policy, known as "Fordism," focused on increasing workers' wages to stimulate consumer spending. This led to growing incomes and expanded the middle class. However, critics argue that it also contributed to income inequality and the neglect of social welfare programs.

Answer 8

inflation went down, but unemployment remained high -apex

Answer 9

inflation went down. APEX :)