Quiz for Evaluating the Evidence 28.1: Western European Recovery and the Promise of Prosperity

Question

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Correct. The answer is b. Erhard argued that initial inequality of access to quality consumer goods was a normal and necessary part of the expansion of consumption.
Incorrect. The answer is b. Erhard argued that initial inequality of access to quality consumer goods was a normal and necessary part of the expansion of consumption.
1. Which of these best characterizes Erhard’s views on the expansion of consumption?

Question

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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?