1.British Prime Minister, Margaret Thatcher led her nation towards _____________, in part by:

a.A prolonged recession; following the policies of John Maynard Keynes

b.Stagflation; privatizing British industries at a time when greater government oversight of profit-seeking firms would have been warranted.

c.Non-inflationary economic growth; successfully privatizing the coal industry and cutting government subsidies to businesses.

d.Record increases in aggregate demand - and greater inflation; pursuing policies that were consistent with the teachings of Hayek.