Which of the following statements is not accurate about the 1920s?
a. There was a significant increase in mass production and mass marketing.
b. There was a significant increase in urbanization.
c. The ability of many Americans to afford consumer goods dropped sharply.
d. Consumer credit policies were developed and instituted on a large scale for the first time.
c. The ability of many Americans to afford consumer goods dropped sharply.
You might also like to view...
The legislative lag represents
A) the time it takes for policy makers to obtain data indicating what is happening in the economy. B) the time it takes for policy makers to be sure of what the data are signaling about the future course of the economy. C) the time it takes to pass legislation to implement a particular policy. D) the time it takes for policy makers to change policy instruments once they have decided on the new policy. E) the time it takes for the policy actually to have an impact on the economy.
Irregular fluctuations in economic activity are known as the
a. business cycle. b. broken window fallacy. c. tradeoff between inflation and unemployment. d. ten principles of economics.