Asked by Raymond Shaquille on Jul 08, 2024
Verified
Comparing the United States economy in the 1920s with the economy in the 1990s,all of the following were similar EXCEPT
A) both decades had strong economic expansion.
B) both decades had soaring stock markets.
C) both decades had rapid technological progress.
D) both decades had the federal government take a laissez-faire approach to the economy.
Economic Expansion
A phase of the business cycle during which the economy grows, characterized by increased output, employment, and consumer spending.
Laissez-faire Approach
An economic philosophy of minimal governmental intervention in the market and the operations of businesses.
Technological Progress
Advances in technology that improve production efficiency, product quality, and innovation across sectors.
- Acquire knowledge of the essential attributes and variances of the U.S. economic landscape in the 1920s compared to the 1990s.
Verified Answer
Jul 14, 2024
Learning Objectives
- Acquire knowledge of the essential attributes and variances of the U.S. economic landscape in the 1920s compared to the 1990s.
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