During an economic downturn, Adam Smith would likely advocate for

abolition of the government altogether

allowing the "invisible hand of the market" to regulate the economy

government seizing total control of the economy

increased government spending to stimulate the economy

Question

History

Malachi Ali

7 November, 03:19

During an economic downturn, Adam Smith would likely advocate for

abolition of the government altogether

allowing the "invisible hand of the market" to regulate the economy

government seizing total control of the economy

increased government spending to stimulate the economy

+3

Answers (1)

Know the Answer?

Rodney Sherman · Answer 1

During an economic downturn, Adam Smith would likely advocate for " allowing the "invisible hand of the market" to regulate the economy," although he also knew that some government intervention was necessary.

During an economic downturn, Adam Smith would likely advocate forabolition of the government altogetherallowing the "invisible hand of the market" to regulate the economygovernment seizing total control of the economyincreased government spending to stimulate the economy

During an economic downturn, Adam Smith would likely advocate for

abolition of the government altogether

allowing the "invisible hand of the market" to regulate the economy

government seizing total control of the economy

increased government spending to stimulate the economy