Laissez faire is the
A) principle that government should not meddle with the economy.
B) term for a negative balance of trade, meaning imports exceed exports.
C) belief that government, and particularly presidents, have virtually no influence over the economy because whatever mechanisms the government might use to affect economic growth are far too weak to change the individual, daily market decisions of 260 million Americans.
D) theory that government spending can help the economy weather its normal ups and downs, even if it means going into debt.
E) difference between the nation's unemployment rate and inflation rate.
Answer: A
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