Question

Which of the following describes Hoover's philosophical approach to stimulating the economy?

Answer 1

I believe the answer is:B. Top-down approach: give money and loans to businesses so they can create jobs.

Hoover believe that providing the businesses with financial incentive would give more room at their disposal to create jobs. In the long run, this would reduce the amount of unemployment and increase citizen's average disposable income. The situation also tend to attract many investments from foreign countries.

Answer 2

From all those aforementioned, the one that describes Hoover's philosophical approach to stimulating the economy is: Top-down - give money and loans to businesses so they can create jobs. The answer to your question is B. I hope that this is the answer that you were looking for and it has helped you.