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During the Great Depression, which economic theory gained popularity and advocated for limited government intervention in economic matters?
  • a)
    Keynesian economics
  • b)
    Monetarism
  • c)
    Laissez-faire economics
  • d)
    Supply-side economics
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
During the Great Depression, which economic theory gained popularity a...
During the Great Depression, the economic theory that gained popularity and advocated for limited government intervention in economic matters was Laissez-faire economics. This theory argues that markets should be left to self-regulate and that government interference could hinder economic recovery.
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During the Great Depression, which economic theory gained popularity and advocated for limited government intervention in economic matters?a)Keynesian economicsb)Monetarismc)Laissez-faire economicsd)Supply-side economicsCorrect answer is option 'C'. Can you explain this answer?
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