The Monetarist Explanation of the Great Depression Emphasizes the Fact

question 29

Multiple Choice

The monetarist explanation of the Great Depression emphasizes the fact that

• A)investment and consumption spending collapsed because of negative expectations
• B)the economy was basically unstable and could not recover because the government didn't increase spending drastically
• C)the Fed pushed interest rates to extremely low levels, which forced the economy into the liquidity trap
• D)the Fed didn't do enough to prevent the large number bank failures, which resulted in a huge decline in money supply
• E)the Fed failed to establish a strict monetary growth rule early on

---

Definitions:

Diversity Management

The practice of addressing and supporting multiple lifestyles and personal characteristics within a defined group. Management initiatives are usually aimed at creating a positive work environment where the differences of all employees are recognized and valued.

Cultural Assessment

A process of evaluating and understanding the values, practices, attitudes, and demographics within a certain culture or organization.

Diversity Management

The strategic approach aimed at fostering and maintaining a diverse workforce by addressing and valuing differences among employees, such as culture, race, gender, and age.

Business Case

A document or argument that outlines the justification for the start-up, continuation, or investment in a project or initiative.