Which of the Following Is True About the Great Depression

question 98

Multiple Choice

Which of the following is true about the Great Depression?

• A) Following the Great Depression of 1929, the economy did not regain its potential output until the early 1940s when the pressures of WWII sharply increased aggregate demand.
• B) Expansionary monetary and fiscal policies successfully moved the economy from the Great Depression of 1929 within three to five years.
• C) The Great Depression of 1929 was considered to be a normal stage of business cycles.
• D) The Great Depression could be explained by classical economic theory.

Identify the support structures available for small businesses, including SBA certification and the demographic shifts in business ownership.

Understand the importance of economies of scale in large businesses.

Identify the most valuable assets in small businesses.

Recognize common causes and exceptions to business failures.

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Definitions:

World Population

The total number of humans currently living on Earth.

Explode

To burst or shatter violently and noisily as a result of rapid combustion, excessive internal pressure, or other processes.

Disparity

The existence of inequalities or differences in conditions, status, or treatment between people or groups.

Rich and Poor

Terms reflecting the socioeconomic disparity between individuals or groups with significant wealth and those living in conditions of poverty.