Correct. The answer is d. Erhard believed that consumer credit could increase demand, which in turn, would lead to increased production and increased employment. Once set in motion, this cycle would produce sustainable economic growth.
Incorrect. The answer is d. Erhard believed that consumer credit could increase demand, which in turn, would lead to increased production and increased employment. Once set in motion, this cycle would produce sustainable economic growth.
2. Which of these best characterizes Erhard’s views on consumer credit?