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How were Great Britain’s economic policies during the 1970s oil crisis similar to President Hoover’s policies during the Great Depression?

Both enforced numerous fiscal policies designed to stabilize the economy and inflation.
Both promoted free-market policies and more competition in an effort to help the economy recover.
Both expanded the monetary supply in an effort to reduce inflation and stem the economic decline.
Both increased socialist fiscal policies in an attempt to minimize the effects of the economic recession.

Sagot :

The Great Britain’s economic policies during the 1970s oil crisis, similar to President Hoover’s policies during the Great Depression, as both enforced numerous fiscal policies designed to stabilize the economy and inflation.

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Answer:

B. Both promoted free-market policies and more competition in an effort to help the economy recover.

Explanation:

I originally picked C and got it wrong, so I found two answer keys online and compared them. They both said B for this one. Good luck :)

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