Which of the Following Best Summarizes the Main Causes of the Great

question 101

Multiple Choice

Which of the following best summarizes the main causes of the Great Depression?

• A) Oil-producing countries deliberately raised the price of petroleum,leading to inflation and a deep recession.
• B) The Federal Reserve raised short-term interest rates very high in an effort to decrease inflation,which also drove the economy into a recession.
• C) The end of overseas war efforts led to a deep decrease in federal spending,which reduced employment and caused a recession.
• D) A stock market crash led to a decrease in expected income and tight monetary policy.Higher tax rates and a banking crisis then drove the economy into a depression.
• E) The stock market collapsed following the end of a bubble in technology stock prices,which caused a decrease in investment spending and a recession.

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Definitions:

BAL

Blood Alcohol Level, the concentration of alcohol in one's bloodstream, used to measure intoxication for legal and medical purposes.

Long-term Effects

The consequences or outcomes of an event, process, or decision that become apparent after a significant period.

Alcohol

A psychoactive substance commonly found in beverages such as beer, wine, and spirits, known for its intoxicating effects.

Cocaine

A powerful stimulant drug derived from the leaves of the coca plant native to South America, which is used illicitly for its euphoric effects.