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23 January, 08:29

Historians disagree about the effectiveness of the New Deal. What is not an argument historians present?

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  1. 23 January, 09:33
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    New Deal legislation solved the economic crisis quickly.

    Explanation:

    Many spending programs provided highly effective stimulus during the Great Recession. Governments may use fiscal policy-additional government spending or tax cuts-to stimulate the economy during a recession period. In a deep recession and liquidity trap, fiscal policy may be more effective than monetary policy because the government can pay for new investment schemes, creating jobs directly - rather than relying on monetary policy to indirectly encourage business to invest.
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