Which of the Following Is FALSE

question 1

Multiple Choice

Which of the following is FALSE?

• A)in 1929, the U.S. unemployment rate averaged 3.2 percent
• B)in 1933, the U.S. unemployment rate hit an all-time high of 20.1 percent
• C)from 1930 to 1939 the U.S. experienced unemployment rates in the double digits, despite massive government intervention
• D)both the Keynesian and the monetarists explanations of the Great Depression fit the facts
• E)macroeconomics developed as a distinct discipline as a result of what happened during the Great Depression

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Definitions:

Dodge Owner's Demand

The specific desire or willingness of Dodge vehicle owners to purchase goods or services at various price levels.

Buick Owner's Demand

Refers to the specific requirements or preferences that individuals who own Buicks may have, which can influence market trends or product offerings.

Gasoline

A liquid fuel derived from petroleum, primarily used as fuel in internal combustion engines.

Gas Pump

A device at a filling station that is used to deliver gasoline into the tank of a motor vehicle.