Question

Which model of development was prevalent in Europe and the United States?

Answer 1

In many respects, the responses of the United States and the European Union to the onset of the Great Recession have followed very predictable patterns. With a tradition of an activist and Keynesian oriented macroeconomic policy but with a relatively weak social safety net, U.S. authorities responded with a large $787 economic recovery program and with swift Federal Reserve action to stabilize the financial markets, including measures to buy mortgage-backed securities. By contrast, the core European economies were generally more conservative in their fiscal response, relying on the automatic stabilizers in their social welfare systems to soften the blow to the economy

NOTE I don't know answer is correct or not correct

Answer 2

Answer:

European development policy fosters sustainable development and stability in developing countries, with the ultimate goal of eradicating extreme poverty. Development assistance is one of the pillars of the EU's external action, alongside foreign, security, and trade policies.

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