What economic approach did Lange's government take?
Free-market ethos
Socialism
Communism
Protectionism
Answer
Free-market ethos was the economic approach taken by Lange's government. This approach emphasized minimal government intervention in the economy, allowing market forces to operate freely. The government's role was limited to providing a stable macroeconomic environment and ensuring fair competition, while businesses and individuals were responsible for making economic decisions. This approach aimed to promote economic growth and efficiency by encouraging innovation, investment, and consumer choice.
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