Which of the following is least accurate about labor and employment during the Great Depression?
a. New social security programs were established.
b. The price level decreased.
c. Average real wages decreased.
d. Unemployment rates dropped throughout the course of the Great Depression.
c. Average real wages decreased.
You might also like to view...
Not surprisingly, when financial institutions have consolidated more services under one roof, the amount of conflicts of interest has ________, which has led to ________ in unethical behavior
A) increased; an increase B) increased; a decrease C) decreased; an increase D) decreased; a decrease
A competitive price-taker firm would be willing to remain in the industry in the long run at zero economic profit because
a. it would find it too difficult to exit from the industry in the long run. b. accounting profit would be negative. c. it is covering all costs, including the opportunity cost of capital and labor. d. its sunk costs would prevent it from leaving the industry.