"The Great Depression was caused by the 1929 stock market crash.". Which of the following is an indication that this statement is false?

a. The stock market had regained most of its losses from the October 1929 crash by April 1930.
b. The recessionary conditions actually began in the mid-1920s before the stock market crash.
c. The Great Depression was a result of government failure to intervene in market activity.
d. Economic theory indicates that a reduction in stock prices would reduce the consumer price index and thereby stimulate output and employment.

A

Economics

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Higher costs result from a currency union when:

A) nations are economically dissimilar so that demand shocks affect each economy asymmetrically. B) nations are economically similar so that demand shocks affect each economy symmetrically. C) there is intense competition between the economies. D) the currency is pegged to the U.S. dollar.

Economics

Rivalry among firms would tend to be high if

a. Customers are locked into the competitors technology b. Customers can easily switch between competitor's technologies c. All of the above d. None of the above

Economics