Which of the following describes hoover's philosophical approach to stimulating the economy?
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Which of the following describes hoover's philosophical approach to stimulating the economy?
a) direct intervention: give direct relief to individuals to spark the economy.
b) top-down: give money and loans to businesses so they can create jobs.
c) wait and see: over time the economy would correct.
d) hands-off: allow businesses to generate new sources of wealth without government intervention.
Answers: 2
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