The single most important reason that the recession of 1929 turned into the Great Depression was
a. the failure of Pres Roosevelt's New Deal Program
b. the decline in the US money supply
c. the stock market crash
d. the Smoot-Hawley Tariff Act
Answer: b. the decline in the US money supply
Economics
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Refer to Figure 9-1. Based on the graph of the labor market above, if a minimum wage of $8 per hour is imposed, which of the following will result?
A) The quantity of labor demanded by firms will rise. B) The quantity of labor demanded by firms will fall. C) The unemployment rate will fall. D) Both A and C will occur.
Economics
In 2008, the government bought $2,883 billion worth of goods and services that were part of GDP, representing about _________ of the total
a. half b. a third c. a fifth d. a quarter e. two fifths.
Economics